Shumita Sharma Deveshwar

Director, India Research
+91 98718 22780

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India: Headed towards a new monetary policymaking paradigm

Overview

Reserve Bank of India Governor Urjit Patel will present his maiden monetary policy review on 4 October as the member with the deciding vote on the new Monetary Policy Committee, to which the government appointed three academics on Thursday. Whether or not the policy rate is cut in two weeks, India is headed towards a new monetary policy paradigm in which we believe that the emphasis will shift to boosting economic and credit growth as headline inflation eases and government pressure...

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