Poonam Gupta, Deputy Governor of the Reserve Bank of India, stated that India could contemplate lowering its inflation target if strong growth and stable prices persist over the next five years. Currently, the inflation target is set at 4% with a tolerance band of +/-2% until March 31, 2031. Gupta noted that the existing framework should remain unchanged due to ongoing global challenges. She highlighted that if the trend of robust growth alongside lower inflation continues, India might align its targets with other economies. The RBI anticipates an average inflation rate of 4.6% for the fiscal year 2027. Krishna Srinivasan from the International Monetary Fund emphasized the importance of allowing price signals to operate while acknowledging India's prudent fiscal policy amid external shocks. However, he cautioned that prolonged global conflicts could exacerbate inflationary pressures, necessitating agile monetary policy. Additionally, Ram Singh from the Delhi School of Economics remarked on the potential negative impact of limiting price pass-through on efficiency and fiscal health.