Average Consumer Price Index (CPI) was 10% in 2009-2013 while it is 4 % during 2014-2018. In compounding it builds up to a difference of 40% over 5 years. Imagine having to spend 40% more on your basket of consumption.
Inflation is the biggest tax which eats up your savings.
Govt has lowered GST rates in 95% of consumer items which costed Govt exchequer a mammoth 90000 crore. Taxes on restaurant bills, Cosmetics , FMCG products, consumer durables etc has gone down drastically.
#Modi once more.