Inflation Rate Trends and Forecast for India from 1990 to 2029

India's inflation has shown significant fluctuations over the decades, driven by global and domestic economic conditions. The early 1990s saw high inflation, peaking at 13.5% in 1991, largely due to economic liberalization and a balance of payments crisis. Subsequent reforms stabilized inflation, bringing it down to 3.4% in 1999. However, global commodity price shocks in 2008 and 2009 drove inflation back to double digits.

In recent years, inflation stabilized between 4-6%, with a temporary rise to 6.7% in 2022 due to supply chain disruptions and high energy prices. Projections indicate a steady rate of 4.0% by 2027, supported by effective monetary policy and structural reforms.

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