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100 _a Virupakshan, Kumaraswamy
_958774
245 _aUrjit Patel committee report and inflation targeting : A 10-year review
260 _aEconomic & Political Weekly
300 _a60(50), Dec 13, 2025: p.30-35
520 _aInflation 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 https://www.epw.in/journal/2025/50/insight/urjit-patel-committee-report-and-inflation.html
773 _aEconomic & Political Weekly
942 _cAR