There is a China hand in India's inflation, one important reason why the steady rise in interest rates may not be cooling the high inflation.
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/rising-export-prices-china-add-inflationary-pressure-india
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/times-india-new-delhi
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/international-monetary-fund-imf
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/china
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/economy
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/trade
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/exports