Is there a case for raising India’s inflation target? There’s clearly some scope for a discussion on it
Yet, in case we are moving to a new world of higher inflation—because of lax fiscal policies, geopolitical shocks and the rise of protectionism—this is a question worth pondering. Would a one percentage point increase in the global inflation trend point to a similar one percentage point increase in the Indian inflation target, if not right away, then in the future?
