Inflation Targeting India: Select Issues

Charan Singh ()

Working Papers from eSocialSciences

Abstract: The adoption of inflation targeting in India has been a much debated topic which also becomes a challenge for the emerging economy. Though inflation targeting has already been adopted in many emerging and advanced countries, acceptability in India is a matter of concern. The paper argues that an emerging country like India needs to consider the composition of consumer price index; state of macro econometric models; and young demographics, unemployment rate and lack of social security before adopting inflation targeting.

Keywords: monetary policy framework; inflation; inflation targeting; debt management; social security; consumer price index; unemployment rate; emerging country; India; advanced countries; demographics; young; econometric models; macro; advanced (search for similar items in EconPapers)
Date: 2015-06
Note: Institutional Papers
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