What is the main objective of the Financial Stability and Development Council (FSD

The Financial Stability and Development Council (FSDC) is a high-level body established by the Government of India. Its primary objective is to strengthen and institutionalize the mechanism for maintaining financial stability, enhancing inter-regulatory coordination, and promoting financial sector development. While other options like regulating the stock market (SEBI's role) or controlling inflation (RBI's role) are functions of its member organizations, the FSDC's core purpose is the macro-level coordination and stability of the entire financial system.