August 22, 2025 3:32 PM
RBI says flexible inflation targeting framework served India well amid global challenges
The Reserve Bank of India (RBI) has said that the flexible inflation targeting (FIT) framework has performed well since its introduction, meeting the needs of the country even during challenging times. In a recent report, the RBI highlighted that the FIT framework, introduced to maintain price stability in India, has broadly delivered on its objectives. Between its inception and the end of 2019, inflation in India remained low and stable, averaging around 4 per cent. The report stated, “The ...