India handled inflation much better than US, Germany & France: Report

India has demonstrated a largely successful inflation targeting regime compared to advanced economies such as the USA, Germany, and France, according to a research report by the State Bank of India (SBI).

The report credits government initiatives, the RBI, and banks for addressing these issues over the past decade, allowing for better policy transmission and improved inflation management.

"The success of Inflation Targeting in India is largely a byproduct of a vibrant financial ecosystem where RBI,market Government and the Banks are working closely in unison in ushering in reforms" said the report. The report highlighted that India experienced minimal deviations from its inflation targets between 2021 and 2024, setting it apart from other global economies facing greater inflationary challenges.