2007. When the simple Taylor rule was estimated for India, the output gap coefficient was statistically significant, and … inflation rate has not played a role in the conduct of India’s monetary policy, and it is inappropriate for India to adopt an …

-depth sector-wise analysis of the Indian economy to evaluate the independence of India's monetary policy from fiscal, external … dominance??? is the most acute for India. Supply shocks, hitting the economy due to structural bottlenecks, pose a major threat … range would be a feasible monetary policy option for India. …

This thesis first presents India’s economy and financial system’s recent history and current issues. Then, with an …