The conversation between human and AI assistant.
What is the nature of the Indian economy's structural and institutional features?
How do these institutions function within the economy?
The Reserve Bank of India, for example, is the central bank of the country and is responsible for monetary policy. Its role includes regulating interest rates, maintaining financial stability, and managing foreign exchange reserves. Similarly, the Securities and Exchange Board of India regulates capital markets and plays an important role in ensuring transparency in trading. These institutions are crucial for maintaining stability and promoting growth in the Indian economy.