Monetary policy aims to control the supply of money and credit in the economy to maintain stable prices. Central banks focus on keeping inflation low and stable by managing the money supply. Countries that have adopted Inflation Targeting (IT) as a policy have been studied to see how well they perform economically. Data from sources like the RBI, World Bank, and IMF were used for this analysis. The results of the study suggest that countries with IT policies tend to have better macroeconomic performance.