been a serious macroeconomic challenge for India, particularly in the past decade. India's high rates of inflation have … wages and into nonfood inflation. Well-entrenched inflation expectations have also been a key driver of India's high … inflation rates. This book documents and analyzes India's long-ongoing quest to bring inflation down. It grew out of the IMF …

focussed on inflation targeting may not necessarily be effective in India where inflation and inflationary expectations … of past experience and international best practices. It confirms that food inflation has been the driver of domestic … inflation. The paper studies the recommendations of the Urjit Patel Committee and comments that monetary policies predominantly …