ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles by Gopinath TulasiSubscribe to Gopinath Tulasi

Understanding Inflation Dynamics in India

The flexible inflation targeting framework was formally adopted by India in 2016 with an amendment to the Reserve Bank of India Act. This paper attempts to throw light on the dynamics of consumer price index headline, core, and food inflation, using a relatively young and atheoretical approach pioneered by Stock and Watson in 2007. The empirical results, indicating that the behaviour of core inflation is different from that of headline and food inflation, have implications for the conduct of monetary policy.

Involuntary Exclusion and the Formal Financial Sector

Financial inclusion is a policy priority in India, with the focus on the supply-side of the financial inclusion drive and programmes such as the Pradhan Mantri Jan-Dhan Yojana. Insufficient attention, however, has been paid to the use of banking services by people at the bottom of the pyramid in order to understand what constrains them from using the formal financial services on offer. This study looks at the causes of involuntary exclusion from formal financial services in the slums of Delhi.
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