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Rishabh Choudhary
Rishabh Choudhary is Consultant at the World Bank. He has completed his Masters in Quantitative Economics from Indian Statistical Institute, Delhi and Bachelors in Economics from Hansraj College, Delhi University. His research interests include monetary policy, central banking, and fiscal policy analysis at the national and sub-national level.
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Inflation targeting in India: An interim assessment
Inflation targeting in India is a work-in-progress, with a five-year review due by March 2021. This article presents an interim assessment suggesting that significant progress has already been achieved to date: this is evident in the reduced volatility of a range of inflation-related outcomes and in the stronger anchoring of inflation expectations, which appears to have enhanced the ability of the RBI to respond to the exceptional Covid-19 shock.
