Higher India Inflation Forecast

December 27th, 2010
in Background

Kolkata (The Economic Times): The government expects inflation to be between 6 and 7 per cent by the end of the current fiscal, slightly higher than predicted earlier, Chief Economic Advisor Kaushik Basu said today.

Follow up:

He also said the economy may not be "out of the cloud" yet because of the rising food prices internationally, and the US-China currency war.

"Earlier, we had predicted that inflation will be 6 per cent or less by the year end, but now, it may be between 6 to 7 per cent," Basu said at the Annual General Meeting of the Merchants Chamber of Commerce.  Read more.....

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