This paper provides an assessment of India's inflation-targeting regime. It shows that the Reserve Bank of India is … when setting policy rates. The paper does not find that the Reserve Bank of India became more hawkish following the …-targeting has enhanced the credibility of monetary policy such that the Reserve Bank of India is in a position to take extraordinary …

India has attained much economic success in the past three decades. Yet an economic deceleration in recent years has … generated worried commentaries about the country's growth outlook. This paper offers a long-term perspective on India's growth …