RBI has released the M3 money supply till 3-Oct-2014. In one year prior to this date, India's M3 money supply has grown by 12.6% i.e. inflation in India was 12.6%. Inflation was 13.6% for Oct-2012 to Oct-2013.
Infaltion was 13.6% under Congress; inflation is 12.6% under BJP. So Modi has reduced inflation from 13.6% to 12.6%. This is not a great achievment, but it is also not an insignificant achiement.
Infaltion was 13.6% under Congress; inflation is 12.6% under BJP. So Modi has reduced inflation from 13.6% to 12.6%. This is not a great achievment, but it is also not an insignificant achiement.
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