India adopted Inflation Targeting (IT) 2016 under the Monetary Policy Framework Agreement (MPFA) to maintain price stability and strengthen economic resilience. A research investigation measures IT effectiveness through a review of inflation patterns combined with volatility observations and GDP performance analysis and RBI policy reaction monitoring and exchange rate steadiness evaluation during the 2010-2024 timeframe with results from before and after IT implementation. The study obtains data from RBI and combines it with information from the Ministry of Finance, IMF, and the World Bank to evaluate the success of inflation control under IT while maintaining continuous economic development. The data shows a substantial decrease in inflation volatility because of Inflation Targeting after 2016, indicating its positive effects post-2016. The Reserve Bank of India (RBI) obtained increased credibility, which prompted better-inflation expectations to take root. Even so, numerous obstacles persist. Present market conditions linked to supply-chain disruptions and worldwide commodity value changes persist in creating volatile price movements for food and fuel. Weaker GDP growth occurred due to the assertive inflation control methods, leading people to question the economic growth versus price stability balance. The IT framework has faced numerous challenges from rapid oil price increases and new external disturbances, including the COVID-19 pandemic and continuing high fiscal deficits. Implementing Inflation Targeting (IT) has encountered various obstacles despite achieving its main goals. Although inflation management under IT has gained transparency, its long-term success requires active supply-side interventions, better fiscal-monetary coordination, and the highest priority for policy flexibility. This research emphasizes how essential it is for India to update its IT framework by developing a system that combines inflation management with economic expansion while practicing inclusiveness during monetary decision-making. The investigation advances the policy discourse about IT in developing economies and recommends clear steps to enhance India's money management system. Future research needs to explore how IT affects employment statistics, income splits, and stability in financial market operations.