India is better placed when compared to other foreign countries. However what is affecting India’s growth is lack of strong Central power. The central government is not able to take decisions confidently for the economic progress of the country on account of coalition politics. Inflation is on the rise. Price of essential commodities, food cereals has gone up. Price of petrol and diesel is also rising steadily on account of global trends and this in turn results in increase of price of other services and commodities.
RBI should effectively monitor the situation and try to negative the effect of inflation and direct the economy to progress in the right