Department of Humanities and Social Sciences

Indian Institute of Technology Ropar


HSS Seminar


"Change in Monetary Policy Framework in India – Issues and Current Debate”



Sadhan Kumar Chattopadhyay


July 26, 2016 (Tuesday) at 3 PM

Venue: Conference Room 2

The scheme of the presentation would be as follows. First of all, the objective of the monetary policy in the backdrop of emerging market economy like India would be discussed. Second, a snapshot of the evolution of monetary policy framework in India would be given to contextualise how short-term interest rate has emerged as the key operating objectives of monetary policy. Third, the subject of monetary transmission mechanism would be touched upon– different channels would be discussed in the light of Indian economy. Lastly, the present debate of growth vs inflation would be discussed.  It would be interesting to raise the issue - which one should get the priority in the present context by RBI – growth or inflation and why?


Brief Bio-sketch of the speaker


Dr. Sadhan Kumar Chattopadhyay is an Assistant Adviser in the Department of Economic and Policy Research, Reserve Bank of India. His fields of interest are Macroeconomics, Banking, Money and Finance, Industry, Trade, Balance of Payment. Dr. Chattopadhyay has taught Economics at Sri Venkateswara College, Delhi University and at College of Vocational Studies, Delhi University. He has also been Senior Research Fellow in National Institute of Science Technology and Development Studies, CSIR, New Delhi. He obtained his PhD in Economics from Jadavpur University, Kolkata, and MPhil in Economics from Jawaharlal Nehru University, New Delhi. He completed his MSc in Economics from Calcutta University with specialization in Econometrics and Economic Planning. He earned BSc Honours in Economics also from Calcutta University.