You are here

COMMENTARY

India should rethink basis of inflation target

BT_20160801_NAHINFLATION1_2414602.jpg
Food and food products make up nearly half of consumer price index in India. By way of comparison, the CPI for urban consumers in the US gives food prices a weighting of 14 per cent.

New Delhi

ANY day now, India's government is set to announce an official inflation target for the first time - a major step in the modernisation of its economic institutions, particularly the central bank. The idea has been proposed and debated for years, including in a much-discussed

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom