Virupakshan, Kumaraswamy <br/><br/>
Urjit Patel committee report and inflation targeting : A 10-year review 

 - Economic & Political Weekly   
 - 60(50), Dec 13, 2025: p.30-35 
<br/><br/> Inflation targeting aims to stabilise inflationary expectations, bring down inflation and provide a stable environment for sustained growth. At the completion of 10 years since its implementation in India, an evaluation is appropriate. It is suggested that a more optimal central target may be 6%, and the lower and upper bands should be in the ratio of 1:2, which makes 3% a logical lower limit. While inflation targeting may have brought down inflation and controlled volatility, it is costing India $0.7–$1.06 billion in output in constant terms per quarter, and the cumulative loss is an estimated $9–$16 billion. – Reproduced <br/><br/>https://www.epw.in/journal/2025/50/insight/urjit-patel-committee-report-and-inflation.html<br/>