Inflation, not a monster but a blessing in disguise?

Recently i have been reading too much about the Indian economy. This is because of my interest in the share market that i have developed over the past one year.
India's inflation has increased too much and measures have been taken to bring down the inflation rates to the normal rate of 5 -5.5 %. But many of us think that inflation is a curse for the economy. India was in similar period during the regime of then Prime Minister Indira Gandhi and inflation at that time was at it's peak in double figure. The GDP was growing at the Hindu rate of 2-3%. Industries could not survive because banks were offering interest at the rate of 20% on NRI Account deposits and the prime lending rates fluctuated between 18-23%. Here is an link to an article on IBN CNN website by Mr Mathews J Nedumpura which tells ue that inflation is not a curse but a blessing in disguise.

CNN - IBN : - Inflation, not a monster but a blessing in disguise?