The statement "Decreased money circulation helps in controlling inflation" is correct.

Inflation control in India is a shared responsibility between the Government of India and the Reserve Bank of India (RBI). The RBI is the central bank of India and plays a crucial role in formulating and implementing monetary policy to control inflation. It uses various tools such as adjusting interest rates, conducting open market operations, and regulating the money supply to manage inflation.

Decreased money circulation, which can be achieved through measures like tightening monetary policy, reducing government spending, or increasing taxes, is one of the ways to control inflation. By reducing the amount of money available in the economy, the demand for goods and services decreases, which can help in curbing inflationary pressures.

Therefore, the correct statement is "Decreased money circulation helps in controlling inflation."