Singh: India Inflation to Fall to 5.5% by March and Stabilize

December 20th, 2010
in News, Background

New Delhi (Times of India):  Prime Minister Manmohan Singh said on Monday the inflation rate would stabilise around 5.5% by March and the government would continue to make all out efforts to calm soaring prices.

Follow up:

Inflation eased to its lowest this year -- at 7.48% in November -- bringing relief to policymakers who have been grappling with high prices. Robust crop arrivals in the market have helped ease pressure on food prices but they still continue to remain high.

"Inflation remains a cause for serious concern in our country. We have made all the efforts to contain inflation and we will continue to do so," Singh told his party delegates at the ongoing plenary session.

"In recent days, the rate of inflation has come down to 7.5%. We expect this downward trend to continue and the rate of inflation to stabilise around 5.5% by next March," he added.

According to him, the government expects the economy to grow between 9% and 10% from next year as growth in the recent quarters have been strong and the country has withstood the global economic downturn.  Read more.....

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved