The Government of India, aiming to maintain price stability and ensure sustainable economic growth, has made a significant decision regarding the country's inflation target. For the five-year period from 1st April 2021 to 31st March 2026, the inflation target has been set. The retained inflation target is ......................... crucial for the Monetary Policy Committee (MPC) of the RBI to manage the economy effectively.
1
3%, with a tolerance band of +/- 1%
2
4%, with a tolerance band of +/- 2%
3
5%, with a tolerance band of +/- 1%
4
4%, with a tolerance band of +/- 1%
5
3%, with a tolerance band of +/- 2%