India is combating rising inflation through the channel of monetary, fiscal, and administrative measures:

1. Monetary Policy: To put it bluntly, interested institutions, like RBI, have the burden to use interest rates to influence demand pull inflation. In turn, the RBI increases the repo rates making borrowing expensive and thus pulling down money supply as a way of controlling demand pull inflation. It also employs implements such as open market operations to influence the level of liquidity within an economy.

2. Supply-Side Measures: The government intervening in the availability of the organisations’ products in an aim to fight the inflationary pressure that arises due to interruption of the supply chain,especially when it comes to foods. For instance, it liberates stocks that contain grains, controls exportation and even acts on cases of hoarding with an aim of standardizing the prices of basic products.

3. Import Duty Adjustments: The government can lower deposit on imported goods; such as edible oils, pulses or fuel so that the price of imported goods does not exert inflation pressure on the consumer.

4. Fiscal Policies: In order to mitigate the impact of inflation, government offers subsidies to the basic needs employing products like fertilizer for farmers / food for the public, and welfare schemes including but not limited to supply of free grains to the poor (like in PMGKAY).

5. Energy Price Control: Taxes can be varied or more fundamentally the government can control the price of the inflation index, which is fuel pricing.