On the other hand, if govt expenditure are curtailed, employment, education, infrastructure, poverty alleviation measures will suffer, adversly affecting growth prospects.. causing widespread discontent (and mayb protests!)..
So govt will have have to choose a "right mix" of Revenue and expenditures measures.. coupled with RBIs monetary policy measures
Additionally International factors contributing to inflation eg. high commodity and crude oil prices need to be effectively managed.
No policy can work in isolation, therefore govt must strive to bring its fiscal and monetary policy in line with each other.. and combine both to counter inflation.