4. Control inflation
Although India has not suffered particularly from dramatic inflation, it is currently experiencing a rise in inflation similar to that seen in a number of emerging economies. Thea authors of the report think that a formal adoption of inflation targetting would be a very sensible move to help India persuade its huge population of the (permanent) benefits of price stability.
Image: Activists of the Communist Party of India-Marxist take part in a protest against inflation and rising prices. | Photograph: Manpreet Romana/AFP/Getty Images
Also read: Rupee fall: Why it's good news for some firms
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