India's Flexible Inflation Targeting: 4% CPI Goal With 2–6% Safety Band

Adopted in 2016 under the RBI Act, the framework empowers a six-member MPC to balance price stability and growth, with a formal accountability trigger if inflation breaches the band for three straight quarters.

ndtv-profit-business · 7/1/2026, 6:35:57 PM · Ask about this →