---
title: "Urjit Patel Committee: Inflation Targeting | Model Diplomat"
description: "The Urjit Patel Committee recommended adopting inflation targeting for India's monetary policy, shaping the RBI's approach since 2016."
url: "https://modeldiplomat.com/learn/glossary/urjit-patel-committee"
---

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Model Diplomat Research Team · Last reviewed June 22, 2026

TL;DR

- The Urjit Patel Committee was a 2013–14 Reserve Bank of India expert panel that recommended adopting inflation targeting as India's monetary policy framework.
- What was the principal recommendation of the Urjit Patel Committee?
- How did the committee change who makes interest-rate decisions in India?
- Why did the committee favour CPI over the Wholesale Price Index?
- How is the Urjit Patel Committee different from the FSLRC?

[Civil Service & Diplomatic Exams](https://modeldiplomat.com/learn/civil-services/glossary)Updated June 22, 2026

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In August 2016 the Government of India, acting on the Urjit Patel Committee's framework, notified a 4% CPI inflation target with a ±2% band; the first Monetary Policy Committee met that October under Governor Urjit Patel.

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