Reserve Bank of India (RBI) launched its medium-term strategy “Utkarsh 2029” for April 2026–March 2029.
It aims to strengthen the RBI as a leading global central bank with a focus on digital growth and financial stability.
Key initiatives include Central Bank Digital Currency (CBDC), Unified Lending Interface (ULI), and global expansion of Unified Payments Interface (UPI).
It promotes internationalisation of the Indian Rupee and better cross-border payments.
Focus areas include regulation, customer-centric services, financial markets, and technology like Artificial Intelligence (AI).
The framework also emphasises innovation, transparency, and efficient resource allocation.