Is government of if India really interested in containing the price rise or inflation?

Why are our inflation figures, particularly for Consumer Price Index, in India, so high?

• The government keeps giving multiple explanations for this. Sometimes, it is said that this is because of supply-side issues. Other times, the government says that this is because of high growth and huge increase in demand with not much increase in supply. Once, the government gave a reason that it's because of our huge population that inflation is so high. And sometimes the reason is attributed to global factors beyond our government's control. Also, it's very interesting to note that if we look at Economic Survey Figures of 2011-12, under NDA, the Food part of Consumer Price Index (CPI) grew at around 4% during the 6 years of NDA while the same figures for UPA during 2004-05 to 2010-11 are more than 8% and inflation continues to remain high even after March 2011. So why is inflation, and more so, food inflation, higher under UPA compared to NDA?

• Answer:

  Apart from supply side reasons, Here are some others: The Government of India's (GoI) grain procurement policy. "As on July 1, 2013, the government is expected to have around 82 million tonnes of rice and wheat. What this means that the government has an excess stock of nearly 30-40 million tonnes. As Gulati and Jain point out “The value locked in these “excess stocks”, evaluated at their economic cost, ranges from Rs 70,000 crore to Rs 92,000 crore. This infusion of “excess” money into the economy without corresponding flow of goods is evident in the paradox of rising prices of rice & wheat amidst overflowing stocks in government godowns.” http://www.firstpost.com/economy/how-the-government-makes-you-pay-more-for-food-958459.html and http://m.firstpost.com/india/govt-may-release-food-grains-stock-to-curb-inflation-kv-thomas-977507.html Government overspending, profligacy and the resulting fiscal & revenue deficit: http://www.thehindubusinessline.com/opinion/columns/fiscal-deficit-devil-lies-in-the-detail/article4452563.ece High oil prices and the depreciating Rupee that makes imports more expensive. http://www.firstpost.com/economy/inflation-still-high-due-to-oil-prices-fiscal-deficit-rbi-620622.html