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सितंबर 13, 2007
India: Development and Reform Experience; and Prospects
Governor Ortiz and Friends, I am delighted to be here in Mexico to address this august gathering at the Bank of Mexico. I am honoured by the invitation extended to me. Governor Ortiz is among the most respected Central Bank Governors. His perceptions and words of wisdom, based on sound understanding of theory as well as compulsions of public policy making, are eagerly sought. In fact, Governor Ortiz heads the Central Bank Governance Group in the Bank for International
Dr. Y. V. Reddy, Governor, Reserve Bank of India
Governor Ortiz and Friends, I am delighted to be here in Mexico to address this august gathering at the Bank of Mexico. I am honoured by the invitation extended to me. Governor Ortiz is among the most respected Central Bank Governors. His perceptions and words of wisdom, based on sound understanding of theory as well as compulsions of public policy making, are eagerly sought. In fact, Governor Ortiz heads the Central Bank Governance Group in the Bank for International
सितंबर 07, 2007
Monetary Policy Developments in India: An Overview
Friends,I am honored by the kind invitation of Governor Stefan Ingves to visit Riksbank and give an address at the central bank. It is a great privilege to address an august gathering in the oldest central bank in the world, Riksbank. I came in close contact with Governor Ingves when he was working with the IMF. As a Director in the Executive Board of IMF, I have been an admirer of Mr. Ingves when he headed the Monetary and Exchange Affairs Department, which has now b
Dr. Y. V. Reddy, Governor, Reserve Bank of India
Friends,I am honored by the kind invitation of Governor Stefan Ingves to visit Riksbank and give an address at the central bank. It is a great privilege to address an august gathering in the oldest central bank in the world, Riksbank. I came in close contact with Governor Ingves when he was working with the IMF. As a Director in the Executive Board of IMF, I have been an admirer of Mr. Ingves when he headed the Monetary and Exchange Affairs Department, which has now b
अगस्त 03, 2007
मौद्रिक नीति की प्रथम तिमाही समीक्षा : अंतर्निहित समष्टि अर्थशास्त्र* राकेश मोहन
Shri Bhatt and distinguished participants, I am deeply honoured to be invited to deliver the valedictory address at the High Powered Macroeconomic Workshop organised by the State Bank of India.  I am particularly gratified that this Workshop has become a reality, since its genesis is in the extremely useful discussions that we in the Reserve Bank of India had with the Indian Banks’ Association as part of pre-Annual Policy consultations held in April this year. Th
डॉ राकेश मोहन, उप गवर्नर, भारतीय रिज़र्व बैंक
Shri Bhatt and distinguished participants, I am deeply honoured to be invited to deliver the valedictory address at the High Powered Macroeconomic Workshop organised by the State Bank of India.  I am particularly gratified that this Workshop has become a reality, since its genesis is in the extremely useful discussions that we in the Reserve Bank of India had with the Indian Banks’ Association as part of pre-Annual Policy consultations held in April this year. Th
जुलाई 03, 2007
भारतीय अर्थव्यवस्था और इसके वित्तीय क्षेत्र* की झाँकी - या.वे.रेड्डी
Chairman Sergey M. Ignatiev and distinguished central bankers of the Bank of Russia, I am grateful to Chairman Ignatiev for inviting me to visit your bank and interact with you for mutual benefit. I have the pleasure of meeting my friend Chairman Ignatiev, almost once a month, in meetings of BIS or G20 or IMF or other international seminars. His address in Buenos Aires in early June on the current state of Russian economy was highly appreciated because he gave a glimp
डॉ. वाई. वी. रेड्डी, गवर्नर, भारतीय रिज़र्व बैंक
Chairman Sergey M. Ignatiev and distinguished central bankers of the Bank of Russia, I am grateful to Chairman Ignatiev for inviting me to visit your bank and interact with you for mutual benefit. I have the pleasure of meeting my friend Chairman Ignatiev, almost once a month, in meetings of BIS or G20 or IMF or other international seminars. His address in Buenos Aires in early June on the current state of Russian economy was highly appreciated because he gave a glimp
जुलाई 02, 2007
भारत की सांख्यिकीय प्रणाली: कुछ अनुूचिन्तन* राकेश मोहन
I am delighted and honoured to be at this auspicious occasion of the first Statistics Day and to inaugurate first Annual Conference on Financial Statistics.  As a member of the statistics community, it is matter of great pride that June 29, birth anniversary of (late) Professor Prasanta Chandra Mahalanobis, has been declared by the Government of India as Statistics Day.  I am particularly happy that Professor Parikh is here who began his professional life in
डॉ राकेश मोहन, उप गवर्नर, भारतीय रिज़र्व बैंक
I am delighted and honoured to be at this auspicious occasion of the first Statistics Day and to inaugurate first Annual Conference on Financial Statistics.  As a member of the statistics community, it is matter of great pride that June 29, birth anniversary of (late) Professor Prasanta Chandra Mahalanobis, has been declared by the Government of India as Statistics Day.  I am particularly happy that Professor Parikh is here who began his professional life in
जून 29, 2007
सांख्यिकी और सर्वेक्षणों पर यादृच्छिक विचार* या.वे.रेड्डी
Dr. Barman, Mr. Paul Vanden Bergh, Dr. Karunasena, Mr. Sandip Ghose, distinguished participants, ladies and gentlemen, I am thankful to the organisers for giving me the privilege and pleasure of being with you at the Workshop on ‘Use of Surveys by Central Banks’, organised jointly by the South-East Asian Central Banks (SEACEN), Irving Fisher Committee (IFC) - Bank for International Settlements (BIS) and Reserve Bank of India (RBI). It is a collaborative effort of seve
डॉ. वाई. वी. रेड्डी, गवर्नर, भारतीय रिज़र्व बैंक
Dr. Barman, Mr. Paul Vanden Bergh, Dr. Karunasena, Mr. Sandip Ghose, distinguished participants, ladies and gentlemen, I am thankful to the organisers for giving me the privilege and pleasure of being with you at the Workshop on ‘Use of Surveys by Central Banks’, organised jointly by the South-East Asian Central Banks (SEACEN), Irving Fisher Committee (IFC) - Bank for International Settlements (BIS) and Reserve Bank of India (RBI). It is a collaborative effort of seve
जून 28, 2007
Second P. R. Brahmananda Memorial Lecture
Governance Institutions and Development I greatly appreciate the honor of being invited to deliver the Brahmananda Memorial Lecture. I share the immense admiration and respect you all have for his scholarship, his teaching, and his untiring service for the economics profession and the country. It is indeed a privilege to give a talk in his memory. And it is a special pleasure to follow my long-standing friend Lord Desai, who gave the inaugural lecture in this series.
Avinash K. Dixit, John J. F. Sherrerd University Professor of Economics
Governance Institutions and Development I greatly appreciate the honor of being invited to deliver the Brahmananda Memorial Lecture. I share the immense admiration and respect you all have for his scholarship, his teaching, and his untiring service for the economics profession and the country. It is indeed a privilege to give a talk in his memory. And it is a special pleasure to follow my long-standing friend Lord Desai, who gave the inaugural lecture in this series.
जून 21, 2007
वित्तीय समावेशन-भारतीय अनुभव* उषा थोरत
Ladies and gentlemen,I thank Her Majesty’s Treasury and DFID for organising this conference and inviting the Reserve Bank of India to share India’s experiences in achieving greater financial inclusion (FI). We, in India, have been greatly impressed by the focused attention being paid by the UK Government to the subject of FI. I had read a very detailed report by the British Banker’s Association in 2000 dwelling upon the issues involved in providing  greater acces
श्रीमती उषा थोराट, उप गवर्नर, भारतीय रिज़र्व बैंक
Ladies and gentlemen,I thank Her Majesty’s Treasury and DFID for organising this conference and inviting the Reserve Bank of India to share India’s experiences in achieving greater financial inclusion (FI). We, in India, have been greatly impressed by the focused attention being paid by the UK Government to the subject of FI. I had read a very detailed report by the British Banker’s Association in 2000 dwelling upon the issues involved in providing  greater acces
जून 20, 2007
खुली बाजारोन्मुखी अर्थव्यवस्था: में जोखिम प्रबन्धन* राकेश मोहन
Peter L. Bernstein in his celebrated book Against the Gods writes, 'The revolutionary idea that defines the boundary between modern times and the past is the mastery of risk: the notion that the future is more than a whim of the Gods and that men and women are not passive before nature. Until human beings discovered a way across that boundary, the future was a mirror of the past or the murky domain of oracles and soothsayers who held monopoly over knowledge of anticip
डॉ राकेश मोहन, उप गवर्नर, भारतीय रिज़र्व बैंक
Peter L. Bernstein in his celebrated book Against the Gods writes, 'The revolutionary idea that defines the boundary between modern times and the past is the mastery of risk: the notion that the future is more than a whim of the Gods and that men and women are not passive before nature. Until human beings discovered a way across that boundary, the future was a mirror of the past or the murky domain of oracles and soothsayers who held monopoly over knowledge of anticip
जून 14, 2007
पूंजीगत लेखे का उदारीकरण और मौद्रिक-नीति का संचालन: भारतीय अनुभव* राकेश मोहन
I. Overall Approach The distinguishing feature of our overall reform process initiated in the early 1990s has been the accomplishment of high economic growth in an environment of macro economic and financial stability. In fact, we have achieved acceleration in growth while maintaining price and financial stability. During this period, apart from all the other reforms, we have achieved current account convertibility, and also opened the capital account to a substantial
डॉ राकेश मोहन, उप गवर्नर, भारतीय रिज़र्व बैंक
I. Overall Approach The distinguishing feature of our overall reform process initiated in the early 1990s has been the accomplishment of high economic growth in an environment of macro economic and financial stability. In fact, we have achieved acceleration in growth while maintaining price and financial stability. During this period, apart from all the other reforms, we have achieved current account convertibility, and also opened the capital account to a substantial

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