There seems to be a consensus that the inflation targeting framework adopted in India in 2016 has been successful in taming inflation. A comprehensive analysis of inflation targeting should be based on the impact on inflation dynamics, expectations and implications...
This paper analyzes data from recently released household expenditure data for 2022-23 and 2023-24. Data from these surveys indicate a substantial decline in poverty levels in India. Consistent with evidence presented in Bhalla et al. (2022), India has eliminated extreme...
In this paper, we provide a range of poverty estimates for India, including rural and urban poverty estimates for differ- ent states, using the recently released microdata from the Household Consumption Expenditure Survey (HCES 2022–23). Using the World Bank’s $1.9...
We analyze the evolution of India’s labor market, with a focus on female labor force participation (FLFPR) from 1983-84 to 2022-23. Utilizing both Indian and international databases that include unit-level surveys and time use data, we address issues of data...
We examine the impact of formal adoption of inflation targeting (IT) on inflation, growth and anchoring of inflation expectations in advanced economies and emerging markets and developing economies (EMDEs). Our paper reports several findings relevant to assessing the success of...
