<h1>Monetary Policy Committee Discusses Weak Indian Growth, Inflation Concerns Amid Global Risks; Debates Policy Rate Changes.</h1> The Technical Advisory Committee on Monetary Policy met on January 20, 2014, to discuss the economic outlook ahead of the Third Quarter Review of Monetary Policy 2013-14. Members noted global growth signs, but highlighted risks, particularly from the US tapering quantitative easing. India's growth was seen as weak, with industrial stagnation and decelerated services growth, except for agriculture. Concerns were raised over inflation, with differing views on policy rate changes. Some recommended maintaining the status quo due to political uncertainty and weak growth, while others suggested rate adjustments to address inflation or support specific sectors. The meeting was chaired by the central bank's governor.