Inflation Unplugged:The Indian Scenario

Inflation touches the lives of each and every individual in any country. The government and the Central of bank of any country tries to maintain a balance between the high rate of inflation and the fear of deflation. In India, we had witnessed a phase of high rate of inflation from 2011-2014. But due to the effective steps by RBI and the government, fall in global crude prices and low base effect we have witnessed a fall in the inflation rate. But it has again started to rise which is a cause of concern for the government and the central bank. This article explains the basics of inflation and the current Indian scenario.