--- title: "Report On Currency And Finance (RCF) For 2021-22" date: 2022-06-30 author: "Sudhaman" url: https://ksandk.com/newsletter/report-on-currency-and-finance-for-2021-22/ --- # Report On Currency And Finance (RCF) For 2021-22 Posted On - 30 June, 2022 • By - Sudhaman ### Report on Currency and Finance The Reserve Bank of India recently released the report on Currency and Finance [(RCF) 2021-22](https://www.rbi.org.in/scripts/FS_PressRelease.aspx?prid=53628&fn=2753). The theme of the report is “revive and reconstruct” to nurture a strong recovery post-COVID and raise trend growth in the medium-term. The report reflects the views of the contributors, not the Reserve [Bank](https://ksandk.com/practice-areas/banking/). The following are the highlights of the report: - The blueprint of modification suggested in the report revolves around seven wheels of economic progress viz., aggregate demand; aggregate supply; institutions, intermediaries and markets; macroeconomic stability and policy coordination; productivity and technological progress; structural change; and sustainability. - A feasible range for medium-term steady-state GDP growth in India works out from 6.5% to 8.5%, consistent with the blueprint of reforms - Timely rebalancing of monetary and fiscal policies will likely be the initial step in this process. - Price stability is an essential precondition for strong and sustainable growth. - Reducing general government debt to below 66% of GDP over the next five years is important to secure India’s medium-term growth prospects. - Suggested structural reform includes improving access to litigation free low-cost land; raising the quality of labour through public expenditure on education and health and the Skill India Mission; scaling up R&D activities with an emphasis on innovation and technology; creating an enabling environment for start-ups and unicorns; rationalisation of subsidies that promote inefficiencies; and encouraging urban agglomerations by improving housing and physical infrastructure. - Industrial revolution 4.0 and committed transition to a net-zero emission target to warrant a policy ecosystem that facilitates the provision of adequate access to risk capital and a globally competitive environment for doing business. - India’s ongoing and future free trade agreement (FTA) negotiations may focus on the transfer of technology and better trade terms for high-quality imports from partner countries to improve the outlook for exports and domestic manufacturing. --- ## Office Locations - [New Delhi](https://ksandk.com/locations/top-corporate-law-firm-in-delhi/) (HQ): +91-11-41318190 | info@ksandk.com - [Mumbai](https://ksandk.com/locations/top-corporate-law-firm-in-mumbai/): 3 offices (Nariman Point, Lower Parel, Andheri) | mumbai@ksandk.com - [Bangalore](https://ksandk.com/locations/top-corporate-law-firm-in-bangalore/): bangalore@ksandk.com - [Chennai](https://ksandk.com/locations/chennai/): chennai@ksandk.com - [Hyderabad](https://ksandk.com/locations/hyderabad/): hyderabad@ksandk.com - [Pune](https://ksandk.com/locations/pune/): pune@ksandk.com - [Kochi](https://ksandk.com/locations/kochi/): kochi@ksandk.com ## Contact - [Contact Page](https://ksandk.com/contact-us/) - General: info@ksandk.com | +91-11-41318190 - WhatsApp: +91-7428567444 - [Privacy Statement](https://ksandk.com/privacy-statement/) - [Terms of Use](https://ksandk.com/terms-of-use/)