Indian Economy
National Income estimates in India is prepared by:

Reserve Bank Of India
Indian Statistical Institute
Central Statistical Organisation (CSO)
Planning Commission

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Indian Economy
Gross domestic capital formation is defined as

flow of expenditure devoted to increased or maintaining of the capital stock
expenditure incurred on physical assets only
net addition to stock after depreciation
production exceeding demand

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Indian Economy
In pursuance with the recommendations of Narsimham Committee, the RBI has framed new guidelines

to setup more foreign exchange banks
to reduce the freedom given to banks to rationalize their existing branch network
to govern entry of new private sector banks to make the banking sector more competitive
to lend more easily for industrial development

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