The first MPC has ended its term and the inflation target has to be reset in April 2021. In this context, Niranjan Rajadhyaksha raises three questions about the road ahead for the Indian monetary policy framework....

Is India facing a supply or a demand shock right now? Unpacking this question is at the heart of understanding India's inflation. Niranjan Rajadhyaksha writes in his column for Mint...

Given the economic slump, it should review whether its neutral real interest rate and inflation target need to be recalibrated.

The debate that should begin is whether RBI’s current mandate should continue after 2021 or there is a case for a fresh look.

This is an opportune time to revisit the 2-4-6-8 framework that sets economic targets for achieving sustained high growth.

India has contained inflation in recent years, but it is risky to say that it has decisively won the battle

Managing relative price of food in terms of industrial goods will be one of the biggest policy challenges for the government.

Early evidence suggests that inflation targeting has been working in India in the few years since the inception of the new policy framework

The initial success of flexible inflation targeting by RBI’s monetary policy committee is undoubtedly welcome, but the acid test lies ahead

The appointment of S. Gurumurthy to the RBI board suggests that the government is abandoning conventional economics in favour of its putative Indic alternative