RBI has released the money supply figures till 8-Aug-2014. Reference.

M3 money supply in India has grown by 13.3% in last one year. One year ago it was growing by 12.0%. So inflation in India is rising. The solution is:

  • Reduce subsidies
  • Reduce taxes e.g. TDS, Income tax, etc
  • Massive privatization e.g. privatize Banks, Insurance companies, Telecom companies, railways, airlines, airports, etc.
  • Reduce rules and regulations e.g. flexible labor policy.