Fiscal and Monetary Policy — Mains Questions

Critically analyze the effectiveness of fiscal and monetary policy coordination in achieving macroeconomic stability in India. What are the key challenges and suggest measures to improve this synergy?

Examine the evolution of India's monetary policy framework, with a special focus on the shift towards inflation targeting. Discuss its implications for the Reserve Bank of India's autonomy and the overall macroeconomic management.

The Goods and Services Tax (GST) has significantly reshaped India's fiscal federalism. Discuss how GST has impacted the fiscal autonomy of states and the revenue dynamics between the Centre and states. What are the ongoing challenges?