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 in 1991, largely due to economic liberalization and a balance of payments crisis. Subsequent reforms stabilized inflation, bringing it down to in 1999. However, global commodity price shocks in 2008 and 2009 drove inflation back to double digits.
In recent years, inflation stabilized between 4-, with a temporary rise to in 2022 due to supply chain disruptions and high energy prices. Projections indicate a steady rate of by 2027, supported by effective monetary policy and structural reforms.
In recent years, inflation stabilized between 4-, with a temporary rise to in 2022 due to supply chain disruptions and high energy prices. Projections indicate a steady rate of by 2027, supported by effective monetary policy and structural reforms.
Explore related charts to gain a better understanding of value of goods imported from India, India’s government debt share in GDP, India’s annual GDP data.
