The last decade has seen a worldwide move by emerging markets to adopt explicit or implicit inflation targeting regimes …. A notable and often discussed exception to this trend, of course, is China which follows pegged exchange rate regime … influenced by a quasi inflation target? To address this point, we investigate monetary policy regime change in India using a …

inflation targeting as a monetary policy strategy, in light of the recommendation of the Urjit Patel Committee Report. Our … results indicate that historically the Reserve Bank of India has given more importance to inflation compared to output growth … monetary independence thereby comfortably placing the RBI on a path to move towards flexible inflation targeting. However we …

global economic growth-China and India. China’s Trilemma configurations are unique relative to other emerging markets in the …

globalization. In this paper we study the Trilemma choices of the two key drivers of global growth, China and India. We overview and … contrast the policy choices of the two, and test their Trilemma choices and tradeoffs. China’s Trilemma configurations are … that the segmentation of the domestic capital market in China, its array of capital controls and the large hoarding of …

global economic growth-China and India. China’s Trilemma configurations are unique relative to other emerging markets in the …

. Overall, we find that the output gap seems to matter more to the RBI than inflation, there is greater sensitivity to Consumer … Price (CPI) inflation that Wholesale Price (WPI) inflation, and exchange rate changes do not play an important role in …

autonomy and exchange rate stability has influenced inflation and inflation volatility, though not in a consistent manner. …

. Overall, it finds that the output gap seems to matter more to RBI than inflation, there is greater sensitivity to consumer … price inflation, exchange rate changes do not constitute an important policy factor, and the post-1998 conduct of monetary …