Should India review its inflation targeting framework or not?

India has observed 8 years of inflation targeting (IT) since its implementation in September, yielding positive outcomes like stable headline inflation and enhanced monetary policy transmission. Despite these successes, there have been calls to modify the IT framework, particularly by targeting core inflation instead of the CPI headline, which includes volatile food prices. Proponents argue that monetary policy struggles to control supply-driven food inflation and that core inflation is a more stable target.