New Delhi, May 5 -- The four per cent inflation target remains appropriate for India's economic conditions, Poonam Gupta said, citing domestic experience, stakeholder feedback and global evidence, as the inflation targeting framework has been renewed till March 2031 without any change.

"India is in the right company for its level of income, per capita income, size of the economy or complexity of the economy to be targeting 4% level. Inflation is not shown to be an outlier in any possible way," she said during her presentation on Inflation Targeting in India: The Past, The Present and The Future, held by NCAER.

She further added that "There seems to be very little reason to be moving away from this target for now."

India adopted the inf...