What are the various measures taken by the Government of India to check inflation

Discuss the steps taken by the Indian government to control inflation in the country.
The Government of India has taken several steps to control inflation and stabilize the economy. Some of the measures include:
  • The Reserve Bank of India (RBI) has increased the repo rate, which is the rate at which banks borrow from the RBI, to reduce the money supply in the economy.
  • The government has reduced subsidies on various products, including cooking gas, to reduce the fiscal deficit and control inflation.
  • The government has also controlled the supply of essential commodities by releasing buffer stocks held by various agencies.
  • The government has also imposed export restrictions on certain commodities, such as onions, to prevent shortages and control prices.
  • The government has encouraged foreign investment in various sectors to increase the supply of goods and services and reduce prices.
These steps have helped to curb inflation in the country and stabilize the economy. However, inflation remains a concern and the government continues to take measures to control it.
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