×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

Food inflation a serious concern, says Montek

Food inflation a serious concern, says Montek
Comment E-mail Print Share
First Published: Fri, Sep 02 2011. 01 38 PM IST
Updated: Fri, Sep 02 2011. 01 38 PM IST
New Delhi: India’s high food inflation is a serious concern, deputy chairman of the Planning Commission Montek Singh Ahluwalia said on Friday.
India’s food inflation accelerated to 10.05%, its highest in nearly six months, in the year to 20 August, government data on Thursday showed.
•••
NEWS REPORTS
•••
Ahluwalia also said India’s economy is expected to grow at around 8% in the current fiscal year to March 2012.
“Even if we grow at 8% this (fiscal) year, target of 9% (growth) from next financial year for the next five years is feasible, but not easy,” Ahluwalia said.
India’s economy grew 7.7% in the quarter through June, its weakest pace in six quarters, but outperformed even gloomier predictions, reinforcing expectations the central bank will keep raising interest rates to put a lid on inflation.
Comment E-mail Print Share
First Published: Fri, Sep 02 2011. 01 38 PM IST
More Topics: Inflation | Food Inflation | GDP | RBI | Interest rates |