Performance of MPC 1.0 between 2016 and now explained in three charts

The economy and the affairs between RBI and govt were tumultuous in the four years to 2020. Business Standard takes a look at MPC's performance and its consonance with major macroeconomic indicators

The Reserve Bank of India constituted its first Monetary Policy Committee in 2016, the three original external members oh which will be replaced by new members soon, changing its composition. The economy, as well as the affairs between the RBI and the government, went through a tumult in the four years to 2020, the MPC's first inning. Business Standard takes a look at MPC's performance and its consonance with major macroeconomic indicators. 

As the first term of RBIs monetary policy committee approached its end, the economy took a turn for the worse. GDP growth had tumbled to a multi-year low,