Inflation in India

The Finance Minister cautioned against letting up on inflation. And claimed credit for containing it. What a joke!!! Inflation should not even be on anyone's mind. Defaltion is the risk. In India price declines are unlikely. But a prolonged period of low inflation is possible. As for the govt. doing anything....thats downright right stupid. Sure, they did take some supply side actions. But the major impact on lower inflation is the global crash, aggregate demand falling and commodities and manufacturing prices crashing. Finally, supply side shortages where contained by good monsoons rather than any govt. efforts.