This course provides senior officers of the Reserve Bank of India (RBI) a broad understanding of macroeconomic issues and tools used to assess the economic situation. The course is designed to strengthen participants' ability to assess a country's macroeconomic situation, including the current state of the economy; the stance of fiscal and monetary policy; financial stability and the sustainability of public debt. Throughout the course, these concepts are applied to India to illustrate its current macroeconomic opportunities and challenges, and to demonstrate practical tools for use in day-to-day macroeconomic analysis and policy making.