The main reason for the high growth of money supply in India since 1990 is - *
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This highest growth seen from 1990. Such high money supply can cause inflationary pressures in economy. ... 3 components i.e. currency with the public and time deposits has recorded a rigid inflation. Money supply has been growing above 14.5% in FY 2016 and is expected to increase by 15% in FY 2017.
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