Would inflation mar India’s growth story?

I want to add further to it that it was expected during the recession that after pumping of money in the market would increase inflation.& as per expectation it had increased.This is the problem not only india & china is facing but the so called developed countries like US,EU countries will face in the coming future after coming out from recession.China had already  increased the interest rate & RBI just now had increased the repo & reverse repo rate by 25bps.& it is expected that it will increase further in future.

but it  will not effect the growth story of india.

Mr. Kandadai and Ravindra, second you both here completely!!

agreed Ravindra. What I meant by monsoon being bad is that last year it was judged by agriculturers as being below par that is not enough. While i am no expert agriculture specialist, I do own some lands which i keep cultivated and this is the feedback i got.

As far as the prices increasing is concerned, well....there so much of it happening that it is hard to tell which contributed to what.

Thanks for the comments.

Dear Jyothi,

Show the growth graphs to those sleeping hungry.

Overloading one side of a truck can only lead it to only one place which surely is not ahead or taking anywhere. Hope you agree...  

Dear Mr Kandadai,

Nicely analysed response and in fact the crop last year did not cause the prices to rise is as well established. 

A country where A Farmer is unhappy and Yet food prices are rising.

A Manufacturer is unhappy and only those bring in Cheap replacements from neighbor are surviving and yet again prices are high.

Deaths are happening due starvation and tonnes of grain is served to rodents.

City of Gurgaon called the developing face is surviving 16 hours of power cuts what a farmer or manufacturer in remote India must be getting is difficult to imagine.

And yet some are continually talking of GROWTH Story?

If a minuscule part does become richer at the cost of majority it surely is neither going to be lasting nor can it be termed a growth story. 

Sorry to be sounding pessimist yet facts are never designed to be rosy especially if we fail to acknowledge a problem as a problem and through ....forever missing the correction path.

I agree with this statement. While the recovery in growth has proceeded broadly along expected lines, the inflationary pressures have intensified beyond our baseline projection. In fact, the Reserve Bank of India (RBI) had in its January policy review, warned that inflation from high food prices could be transmitted over time to non-food items.