The conversation between human and AI assistant.
Should RBI be made independent?
I think that the RBI should be independent to make the right decisions for the economy without any political influence. But wouldn't it be difficult for the government to implement their policies if the RBI is completely independent?
Yes, that's a valid concern. When the government and the RBI have different objectives, it can lead to conflicts and hinder progress. However, attaining complete independence may not be feasible, and a balance can be struck by giving the RBI more autonomy without completely isolating it from government influence. This way, the RBI can make informed decisions while taking into account the government's policy objectives. Do you think this is a good compromise?