Updated Mar 10, 2021 | 22:36 IST
The inflation-targeting framework helped Prime Minister Narendra Modi-led government to tame inflation to an average under 4% for the last three years.
Representational Image  |  Photo Credit: Thinkstock
New Delhi: India will likely stick to a 2-6% inflation targeting range for the next five years, government officials told
ET Now, but New Delhi wants the central bank to give a significant weightage to core inflation under the new framework.
India’s inflation-targeting band would complete its five year period on March 31 and is being reviewed by the government and central bank for the next five years.
The inflation-targeting framework helped Prime Minister Narendra Modi-led government to tame inflation to an average under 4% for the last three years.