India's Inflation Target May Need To Be Refined: Chief Economic Adviser

India's inflation target band needs to be refined to reflect demand-side factors and the monetary policy should not be affected by supply-side factors, a senior government official said on Monday. The current monetary policy framework, signed by Prime Minister Narendra Modi's government with the Reserve Bank of India in 2015, expires next month and is expected to be adjusted when it is signed off for the next five-year term to provid...