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India’s Inflation Targeting: Need for Refinement

India’s Flexible Inflation Targeting Framework Needs Refinement Syllabus: GS-3: Monetary Policy, Growth & Development, Fiscal Policy Why in the News? The Flexible Inflation Targeting (FIT) framework, adopted by the Reserve Bank of India (RBI) in 2016 with a 4% target ±2% band, is up for review in March 2026. Amid economic stability and inflation control, …