Inflation Control and Economic Growth: A Comparative Study of India’s Monetary Policy Strategies

Abstract

what effect India's monetary policy measures have had on the country's capacity to keep prices stable and encourage economic growth. The end product of the several policy measures undertaken by the Reserve Bank of India (RBI), including changes to interest rates, management of liquidity, and targeting of inflation. To further understand how these policies have contributed to price stability and growth, this paper examines the Indian economy in detail. The essay highlights the difficulties policymakers encounter while attempting to attain a balance between promoting economic growth and limiting inflation by drawing on previous events and present policy decisions. India's monetary policies, in comparison to those of other developing nations, provide a window into the challenges and successes of controlling inflation in a rapidly growing economy. The results demonstrate that maintaining high growth rates is still tough, particularly with worldwide economic uncertainties and internal structural constraints to contend with, but India has succeeded in minimising inflation volatility. how successfully the Indian central bank has maintained price stability and sustained economic growth.