"This boo is a timely look at an important Indian macroeconomic issue - inflation. High and persistent inflation has … been a serious macroeconomic challenge for India, particularly in the past decade. India's high rates of inflation have … been underpinned ciefly by high and persistent rates of food price inflation, which cascade quickly into rural and urban …

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 … focussed on inflation targeting may not necessarily be effective in India where inflation and inflationary expectations …

stability/inflation management. This is done in two parts - the first examining the impact of fiscal policy on inflation, and …