Inflation Target

India implements CPI targets, cements Raghuram Rajan's legacy

Some senior economists, including Rajan's predecessor at the RBI Duvvuri Subbarao, have urged India not to fixate on an inflation target given the need to ensure growth and financial stability.

Arvind Panagariya can be everything that Raghuram Rajan was not for govt

Panagariya has also been a proponent of increased capital spending to boost growth. He had also previously advocated relaxing fiscal deficit targets