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Effectiveness Of Monetary Policy In Present Day India - Has The Transition Of Monetary Policy From Monetary Targeting To Multiple Indicators Approach Served Well
The Reserve Bank of India shifted the policy framework from Monetary Targeting Approach to Multiple Indicators Approach in April 1998. Since the present framework is also subject to criticism, this paper aims to examine, how the transition of monetary policy from Money Targeting to Multiple Indicators approach has impacted the economic outcomes by making the comparison of the two frameworks.
