In September, inflation spiked to 6.2%, driven entirely by rising food prices. However, despite that, commerce minister Piyush Goyal called for a re-evaluation of the framework and a possible rate cut. Finance Minister Nirmala Sitharaman also echoed the need for broader discussions on inflation and interest rate dynamics. To delve deeper into this issue, CNBC-TV18 engaged with leading experts—Professor Pulapre Balakrishnan from the Centre for Development Studies, Sonal Varma, Chief Asia Economist at Nomura, and Rupa Rege Nitsure, former Chief Economist of BFSI—to explore the implications and potential paths forward.
