What do you mean by the monetary policy of India?

Monetary policy of India is under control of the Reserve Bank of India (RBI), it involves controlling the credit availability, control money supply, regulating interest rates.You can read about The Reserve Bank of India: Functions and Composition in the given link.

Further readings:

1. Non Performing Assets (NPA) – Facts for UPSC GS-III
2. Topic-Wise GS 3 Questions for UPSC Mains