The study looked at how changes in monetary policy affect different sectors of the Indian economy. They used a model to see how sectors like mining, manufacturing, construction, and trade respond to these changes. They found that some sectors, like mining and manufacturing, tend to decrease more than the overall economy when monetary policy tightens. By looking at different channels like credit, exchange rates, and asset prices, they saw that each sector is affected differently. This suggests that India may need to consider sector-specific monetary policies.