At last after being in the economic doldrums for quite some time, Indian economy has finally emerged out as a winner, overcoming turbulence which until recently was threatening to submerge the entire Indian economy. However, the credit for achieving this much-needed respite goes to the emergency policy program implemented to perfection by the Reserve Bank of India, just at the time when the economic doctors ordered. This abatement of the widespread economic fear psychosis has certainly provided monetary pedestal to the government, which now can safely retire back to its prime objective ie to execute various welfare programs and projects, without any further diversions or by being circumspect about the availability of both domestic and forex liquidity. With inflation gradually plummeting down consistently for the straight fourth week, it suggests that both Indian banking system as well as economy are on the right path of resurgence. This miraculous recuperation of Indian banking system and economy, even after being plundered by the liquidity crisis has caught the attention of economies around the world, which presently are in the grip of severe recessionary affects and economic unpredictability. The central banks of the affected countries can take a cue from the RBI, which even in the most testing times did not shy away from imposing stern measures to sustain ample liquidity levels in the arteries of economies; so that the flow of the economic activities is not disturbed at all, thereby halting the development of the country on a whole. Moreover, the RBI also took a great care in ensuring that the economic outlook of the Indian economy does not look distorted at all on the global stage, since, that could hamper the chances of backing up its claim of being the best developing economy in the entire world. But all said and done, certainly the impunity from the paralysing effects of the economic catastrophe has saved the entire Indian contingent from facing any kind of discomfiture feeling on global stage. The economic equilibrium too, which until recently was looking edgy, looks now more in place after all these mercurial shifts have minimised dramatically owing to the sound policy framework of the Reserve Bank of India.