RBI has released the Money supply statistics till 5-Dec-2014. Reference.
One year ago, inflation in India was 14.9% (as per M3 money supply). Now, the inflation in India is 11.0%. This is a huge achievement for BJP government led by Modi. The Congress (UPA) government had consistent high inflation. In just 6 months, BJP (Modi) has reduced inflation by nearly 4%.
Wednesday 10 December 2014
India's inflation rate is 11%
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