Inflation Targeting — Key Judgments

Key Judgments

Urjit Patel Committee Report (Expert Committee to Revise and Strengthen the Monetary Policy Framework)

2014

This report served as the foundational document for India's shift to flexible inflation targeting. It systematically analyzed the shortcomings of the previous multiple indicator…

Monetary Policy Framework Agreement (MPFA) between Government of India and RBI

2015

This agreement formalized the commitment of both the government and the RBI to the flexible inflation targeting framework, even before the statutory amendments to the RBI Act. It…