Jha, Raghbendra - In: International Review of Applied Economics 22 (2008) 2, pp. 259-270
This paper evaluates the case for inflation targeting (IT) in India. It states the objectives of monetary policy in … India and argues that, with widespread poverty still present, inflation control cannot be an exclusive concern of monetary … India's experience with using nominal targets for monetary policy and why India is not ready for IT. Further, even if India …