Montek Singh Ahluwalia, the Deputy Chairman of Planning Commission and a close aide of the Prime Minister, also said he hopes that the inflation would come down, without specifying any time frame.
India's industrial output rose at a faster-than-expected 11.7% in November from a year earlier, helped by stimulus measures that boosted domestic demand, data showed on Tuesday. The growth trend in the industrial output will continue in the coming months, Kaushik Basu, the Chief Economic Adviser at the Finance Ministry said.
Source: Reuters
Courtesy moneycontrol.com
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