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GOVERNMENT KEEPS INFLATION TARGET AT 4% FOR 2026-31 PERIOD
The Business Guardian
|March 27, 2026
The Central Government has maintained the retail inflation target at four per cent for the five-year period starting April 1, 2026, and ending March 31, 2031.
According to a notification issued by the Ministry of Finance, the upper tolerance level remains at six per cent while the lower limit is set at two per cent.The Department of Economic Affairs, under the Ministry of Finance, issued the official notification on March 25, 2026. The order states that “in exercise of the powers conferred by section 45ZA of the Reserve Bank of India Act, 1934 (2 of 1934), the Central Government, in consultation with the Bank, hereby notifies the inflation target” for the specified period. The document clarifies the parameters as “Inflation Target: Four per cent. Upper tolerance level: Six per cent. Lower tolerance level: Two per cent.” This decision ensures the mandate for the Reserve Bank of India remains unchanged as the country enters the new fiscal cycle. The latest extension mirrors the policy architecture India adopted in 2016 when it transitioned to a formal inflation-targeting framework. This system placed t
This story is from the March 27, 2026 edition of The Business Guardian.
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