Economists dispute the Indian government's proposal to ignore food prices in targeting inflation.
Economists express skepticism over Indian government adviser's suggestion that policymakers ignore food prices while targeting inflation. Inflation-minus-food proposal, mentioned in the pre-budget Economic Survey, is seen as infeasible in a country like India where food makes up almost half of the consumer price index basket. India's Reserve Bank must retain focus on food inflation, say economists.
July 30, 2024
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