Ashima Goyal

Ashima Goyal

Dr. Ashima Goyal is Emeritus Professor of Economics in the Indira Gandhi Institute for Development Research. She was a member of the RBI Monetary Policy Committee.

MPC Signals Maturity as Policy Counters Shocks with Confidence

Monetary Policy

India’s MPC breaks from old precautionary playbooks, using countercyclical policy and clearer signalling to steady growth, inflation and financial stability.

Ashima Goyal

December 8, 2025 at 3:30 AM IST

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Inflation Targeting Needs Flexibility, Not Unanimity

Monetary Policy

When monetary consensus turns to groupthink, inflation targeting risks losing its flexibility—and its purpose.

Ashima Goyal

November 13, 2025 at 2:35 AM IST

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Review of MPC Decision: What Does it Mean to be Forward-Looking?

Monetary Policy

Is it forward-looking to let policy be decided by base effects, rather than encouraging the anchoring of inflation expectations at the target?

Ashima Goyal

October 1, 2025 at 5:26 PM IST

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