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Protected by pay rises?
You don't need to worry too much if you're earning current rupees," advises Monika Halan, editor of Mint Money. "But the retired, the lower middle class and the poor have to worry."
Wages for employed people tend to rise along with inflation. Most workers still get an annual pay rise, which protects them to some degree. Some younger Indians don't even notice inflation's effects, as their pay swells every year.
But it's different if you live off money you have saved up. Anyone relying on their savings could be losing more than a 10th of their money each year - particularly hitting the elderly and retired.
The poorest people in society, who spend disproportionately more on food, are hit most savagely of all.
But there is a way to fight back against inflation: to save, and to put some of that money in a part of the economy that rises along with inflation.
For most people, that means investing in shares or equities. "The only way you can make money long-term is through an equity linked product," says Ms Halan.
Money in the bank in India may only earn 3% or 4% - which in fact means you are losing money. But equity linked funds in this exploding economy have risen much faster, sometimes as high as 25%.
But many Indians prefer to buy gold jewellery or property and do not understand or trust equities and shares. "The sad part is there is still a trust deficit - people don't trust the process of equity investing," said Halan.
Manasi and her husband, Raghavendra, turned to a financial planner for advice on how to access savings products with higher returns. "We have to accept the fact that we are not the gurus in this market," said Raghavendra.
India now has a booming industry of financial advisers. But most people still go it alone when it comes to saving, although the majority do save something.
Unlike Western nations, India and the rest of Asia are home to the world's highest savings rates.
"But don't overdo it!" says Manasi with a smile. The couple are conscious of the fact that their rising incomes can best be enjoyed in the present.
"You can't put all your money into savings and be left with nothing for now," she says.