The Economists believe that the government must re-examine and, if necessary, relax the inflation targeting approach to maintain interest rates at moderate levels. According to experts, the 4% (+-2) inflation target mandated to the Reserve Bank of India (RBI) is difficult to achieve and it also keeps interest rates higher.
"There might be some announcement on inflation targeting on July 23. A group of economists have suggested Sitharaman to revisit inflation targeting. There seems to be unanimity among those economists," one of the sources told TNIE.
This story is from the July 19, 2024 edition of The New Indian Express.
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This story is from the July 19, 2024 edition of The New Indian Express.
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