Published Paper Details:

This paper analyses the decision-making processes of the Reserve Bank of India (RBI) and its efficacy in reconciling inflation control with economic growth within the Flexible Inflation Targeting (FIT) framework. A quantitative study design was employed to gather data from 384 respondents with varied demographic and professional backgrounds, aimed at evaluating perceptions of RBI's data-driven decision-making, inflation control, and economic growth management. Reliability and validity assessments demonstrated substantial measurement robustness, and Structural Equation Modelling (SEM) was employed to examine the causal linkages among the principal variables. The findings indicate that the RBI's data-driven decision-making substantially enhances both inflation control and economic growth, with inflation control serving as a partial mediator between decision-making and growth outcomes. The paper emphasizes the essential function of evidence-based monetary governance in improving macroeconomic stability and stresses the significance of analytical policy frameworks in bolstering India's resilience amid fluctuating economic conditions.