August 12, 2020
Questions that still hover around our monetary policy framework
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....
June 10, 2020
Opinion | The great inflation conundrum that the Indian economy faces
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...
November 12, 2019
Opinion | There’s more that RBI needs to think about than just rate cuts
Given the economic slump, it should review whether its neutral real interest rate and inflation target need to be recalibrated.
July 24, 2019
The rationale of the central bank’s mandate on inflation
The debate that should begin is whether RBI’s current mandate should continue after 2021 or there is a case for a fresh look.
June 06, 2019
India’s macroeconomic policy playbook is ripe for a debate
This is an opportune time to revisit the 2-4-6-8 framework that sets economic targets for achieving sustained high growth.
February 13, 2019
Has India successfully tamed the inflation dragon?
India has contained inflation in recent years, but it is risky to say that it has decisively won the battle
January 24, 2019
India now faces its own version of Soviet Union’s scissors crisis
Managing relative price of food in terms of industrial goods will be one of the biggest policy challenges for the government.
October 22, 2018
There are no viable alternatives to inflation targeting
Early evidence suggests that inflation targeting has been working in India in the few years since the inception of the new policy framework
October 17, 2018
The great Indian inflation puzzle
The initial success of flexible inflation targeting by RBI’s monetary policy committee is undoubtedly welcome, but the acid test lies ahead
October 08, 2018
Ill winds blow on Mint Road
The appointment of S. Gurumurthy to the RBI board suggests that the government is abandoning conventional economics in favour of its putative Indic alternative