November 12, 2019
Opinion | There’s more that RBI needs to think about than just rate cuts
Given the economic slump, it should review whether its neutral real interest rate and inflation target need to be recalibrated.
July 24, 2019
The rationale of the central bank’s mandate on inflation
The debate that should begin is whether RBI’s current mandate should continue after 2021 or there is a case for a fresh look.
June 21, 2019
Niranjan Rajadhyaksha's "2-4-6-8 framework can be the Holy Grail of Indian macros"
Swanand Kelkar of Morgan Stanley Investment Management quotes Research Director and Senior Fellow, Niranjan Rajadhyaksha's recent paper on India's macroeconomic environment.
June 18, 2019
Niranjan Rajadhyaksha on BloombergQuint's State of the Economy
India works within an implicit '2-4-6-8' macro economic framework. What is that framework and does it now need to be reviewed?
June 06, 2019
India’s macroeconomic policy playbook is ripe for a debate
This is an opportune time to revisit the 2-4-6-8 framework that sets economic targets for achieving sustained high growth.
June 03, 2019
The Indian Macro Policy Playbook: Time for a Fresh Look
There is a need to take a fresh look at India's macro policy playbook. This paper presents five sets of policy recommendations that can help raise potential growth without putting economic stability at risk.
February 13, 2019
Has India successfully tamed the inflation dragon?
India has contained inflation in recent years, but it is risky to say that it has decisively won the battle
January 24, 2019
India now faces its own version of Soviet Union’s scissors crisis
Managing relative price of food in terms of industrial goods will be one of the biggest policy challenges for the government.
October 22, 2018
There are no viable alternatives to inflation targeting
Early evidence suggests that inflation targeting has been working in India in the few years since the inception of the new policy framework
October 17, 2018
The great Indian inflation puzzle
The initial success of flexible inflation targeting by RBI’s monetary policy committee is undoubtedly welcome, but the acid test lies ahead