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We are still in the early stages of reaping the full benefits of FIT. It is, therefore, imperative to remain focused on the primary objective, he said
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Janak Raj Former Internal Member, MPC (Jan-June 2020). (File Pic)
Subrata Panda Mumbai
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Last Updated :
Oct 03 2026 | 12:25 AM
IST
Janak Raj, former executive director of the Reserve Bank of India (RBI) and a former internal member of the central bank’s Monetary Policy Committee, says — in an email interview with Subrata Panda — that if the weighting of food in the consumption basket is expected to decline further as income levels rise, that could provide ground to consider a lower target for the headline inflation rate. Edited excerpts:

2 hours ago
