This graph reflects the annual percentage change to the price of products and services. We can see here that despite impressive GDP growth, India has not been immune to the global financial crisis, with inflation increasing drastically from 3.68 per cent in 2001 to just under 12 per cent in 2010. High inflation makes it difficult for the central bank to keep interest unchanged and has an adverse impact on consumer demand.
Inflation, consumer prices (annual %), India from Timetric
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