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Ghate says flexible inflation targeting has established a credible nominal anchor, while stronger monetary-fiscal coordination remains important for managing inflation
 "Chetan Ghate")
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Chetan Ghate Former External Member, MPC (2016-2020):
Manojit Saha Mumbai
6 min read
Last Updated :
Oct 02 2026 | 11:01 PM
IST
Q&Chetan Ghate, former external member, Monetary Policy Committee (MPC), and professor of economics at the Indian Statistical Institute (ISI), Delhi, says inflation management has improved tremendously with the flexible inflation framework, but there are challenges. Ghate, in an email interview to Manojit Saha, says inflation targeting requires strong monetary-fiscal coordination, which has also improved. Edited excerpts:
