Consumers in Mumbai rate the economy
29 September 2010 Last updated at 11:35 BST
India's headline inflation rate decelerated further in July, responding to central bank efforts to cool price pressures across the economy.
Meanwhile, favourable monsoon rainfalls are boosting agricultural production, causing food price pressures to abate.
Interest rate increases by the central bank over the past six months are serving to temper rampant growth in domestic demand and ease pressure on price inflation.
Nidhi Dutt reports from Mumbai on whether people are feeling the effects of the booming economy.