Question

126. Inflation in India is
(A) Double-digit > 0
(B) Single-digit > 0
(C) Negative
(D) Zero​

Answer 1

lnflation in India is (b) single-digit >0

Answer 2

Inflation in India is  Single-digit > 0

Option B

Explanation:

• The inflation rate has fallen sharply in the recent years and it has come down to single digit numbers. The falling of inflation rates should enable the Reserve bank of India to increase the liquidity position by cutting down on the repo rates
• The decline in inflation has eased the markets and brought down the prices of other goods and petroleum products. High inflation has not been good for the Indian economy which has affected the development and growth of the economy. This has been mainly due to the decrease in the purchasing power of the people
• The liberalization of the economy has led to an increase in growth and exports in the country due to globalization. The "disparity" in the prices of agricultural products and the excess demand of goods have resulted in the conditions of inflation

To know more about inflation

Define inflation. State the characteristic of inflation

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