RBI can't ignore the costs of everyday items as PM Modi's economic adviser suggested

Food Inflation: India's chief economic adviser has suggested excluding volatile food prices from inflation targeting, sparking skepticism among economists. They argue it's impractical to ignore essential consumer costs. Food makes up half of India's consumer basket, impacting inflation. Experts advocate for revisiting CPI weights, improving food infrastructure, and maintaining a flexible inflation targeting regime. Some economists support the proposal, emphasizing the need for policy interventions to control food inflation and stimulate weak domestic demand.