Look beyond the appreciation of CRR

RBI has always utilized some ready'made solution to reduce the inflationary pressure but the market still remained volatile. Only some specific monetary tools like CRR, repo, reverse repo, etc. can change only the pattern and nature of investment by the financial institutions but the outcome of these changes doesn't meet with our plan to create an environment that promotes inclusive growth and sustainability in our economic targets. Without any doubt, CRR is a good monetary tool of quick positive responses but the way of our approach towards reforms in the present scenario of dwindling economic growth should be concentrated more on the infrastructure, education, health, employment generation, agriculture, and entrepreneurship.
The banking institutions, being as the biggest financial supporters to our public policies should concern about this and they should plan for an agenda beyond the ready'made monetary tools under the guidance of the RBI that this country really needs.