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India Economy And Strategy — Is RBI Navigating The Storm With An Outmoded Compass? Read Systematix' Analysis
Amid the fiscal logjam, characterized by govt spending cutbacks and the RBI's acquiescence in initiating rate easing are seen as the necessary steroids, adds the brokerage.
20 Feb 2025, 08:58 AM IST 
The current inflation target (π*) of 4% associated with two-decade-old macro averages is outdated, necessitating a reset of estimate.
(Photo source: Vijay Sartape/NDTV Profit )
The decline in CPI inflation to 4.3% in Jan’25 from 6.2% in Oct’24 due to the seasonal decline in vegetable prices is extrapolated to predict a victory over inflation soon. However, the medium-to-long-term performance shows that RBI’s inflation-targeting objective is less convincing.
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