Rupee rise, softening commodity prices to help ease rates: Gokarn
Press Trust of India: Mumbai, Dec 18 2012, 21:09 IST
in the near-term as there are differences between headline (WPI) and consumer (CPI) inflation", he said.
"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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