Navigating Post-COVID Inflationary Pressures: A Systematic Review of India’s Monetary Policy Framework and its Economic Impact
Mohit Kumar Shrivastav,
Saranga Gogoi and
Hemangi Dhanke
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Mohit Kumar Shrivastav: Gokhale Institute of Politics and Economics, Pune, Maharashtra, India
Saranga Gogoi: Gokhale Institute of Politics and Economics, Pune, Maharashtra, India
Hemangi Dhanke: Gokhale Institute of Politics and Economics, Pune, Maharashtra, India
International Journal of Research and Innovation in Social Science, 2025, vol. 9, issue 15, 389-394
Abstract:
This paper studies the inflationary dynamics that permeated the Indian economic landscape in the post-COVID-19 era, and the subsequent monetary tightening implemented by the Reserve Bank of India (RBI). The expeditious economic resurgence—catalyzed by robust governmental fiscal stimulus, accessible credit facilities, and augmented monetary liquidity—precipitated substantial upward pressures on the price level. These endogenous factors were further exacerbated by exogenous variables, including global supply chain perturbations and elevated commodity valuations. In response to these macroeconomic exigencies, the RBI pivoted from its accommodative monetary stance toward a more restrictive policy framework, employing repo rate adjustments as the principal mechanism for inflation mitigation and economic stabilization.
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:bcp:journl:v:9:y:2025:i:15:p:389-394
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