The Reserve Bank of India (RBI) has recommended that the flexible inflation targeting system which has come into woke from 2016 to 2021 be continued for another 5 years.
The Monetary Policy Committee (MPC) which was setup in 2016 was given the mandate by the parliament to keep Consumer Price Inflation (CPI) at 4 percent plus or minus 2 percent.
There are some countries which have both an inflation and a growth or an unemployment target like in the United States.
So should India continue or be an outlier and put in a growth target? To decode this Latha Venkatesh spoke to Soumya Kanti Ghosh, chief economic advisor at SBI; Sabyasachi Kar, RBI chair professor at NIPFP and HR Khan, former deputy governor of RBI.Watch the video for the in-depth analysis.