Inflation coming under control, says PM's aide
Chairman of the PM's Economic Advisory Council PMEAC Suresh Tendulkar said that prices of essential commodities are coming under control.
By PTI |
NEW DELHI: Buoyed by the prospects of a good harvest, chairman of the Prime Minister's Economic Advisory Council (PMEAC) Suresh Tendulkar on Friday said that prices of essential commodities are coming under control.
"The coming harvest seems to be reasonably comfortable, and consequently inflation situation may be coming under control," he said while speaking at a seminar here.
After declining for three successive weeks, the wholesale price-based inflation rose marginally to 12.14 per cent for the first week of September due to dearer food items like fruits and vegetables.
Tendulkar expressed confidence over the economic growth prospects for the current fiscal.
The PMEAC in its recent report projected an economic growth rate of 7.7 per cent for the current fiscal, down from 9 per cent recorded during the previous year.
"The coming harvest seems to be reasonably comfortable, and consequently inflation situation may be coming under control," he said while speaking at a seminar here.
After declining for three successive weeks, the wholesale price-based inflation rose marginally to 12.14 per cent for the first week of September due to dearer food items like fruits and vegetables.
Tendulkar expressed confidence over the economic growth prospects for the current fiscal.
The PMEAC in its recent report projected an economic growth rate of 7.7 per cent for the current fiscal, down from 9 per cent recorded during the previous year.
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