At last positivity emerged in India's inflation front when the latest the retail inflation dropped to 6.46% in September , a trend continued through the months of July and August , possibly by few of the silent measures taken by the new government, but definitely there is a great perceptional change in belief of public that Modi will strongly ensure bringing "Acchhe Din Aane Wale Hen ".
In Indian politics and people's social behaviour it counts that the robustness, dedication and honesty of the leadership on governing the system, when the people have faith and traders avoid hoarding and blackmailing the consumers.
Ahead of Diwali, the retail inflation dropped to 6.46% in September on falling prices of fruits and vegetables, the lowest since India started computing Consumer Price Index in January 2012, while the overall food inflation measured on the CPI fell to 7.67% as against 9.35% in the previous month and 11.75% in September 2013.
As per the data released by the Ministry of Statistics and Programme Implementation, the CPI inflation in vegetable basket in September fell to 8.59% as against 15.15% in the previous month.
INDIA HONEST hopes of better days coming in the economy with this showcasing in the fast decline in retail inflation rates when the Reserve Bank has been mainly considering CPI inflation while deciding on its bi-monthly monetary policy.
Though long back the RBI has been targeting a retail inflation of 8% by March 2015 and 6% by March 2016, and the rigid vibes in last few months by the RBI Governor Mr.Rajan of maintaining a hawk stance in monetary rates will soon change to meet the needs of growth in economy. IH pleasantly hopes now at least for the "better days" within this year of 2014 itself .