Rupee rise, softening commodity prices to help ease rates: Gokarn
"We have been seeing some divergences between CPI (Consumer Price Index) and WPI (Wholesale Price Index).
However, essentially inflation trend is moving downwards though different set of numbers are giving different directions and that risks to inflation still persists," Gokarn said.
On the government measures aimed at fiscal correction, he said the diesel subsidy cut and FDI policy are pointing to increase in investment climate.
On the steeply falling growth numbers, Gokarn said, "Recent reforms and RBI measures in future will bring some economic recovery. Good to see some recovery process starting, (in regard to October IIP)."
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