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  1. #1
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    Dec 2009

    Default Pranab confident, India will grow at 9%

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    Finance Minister Pranab Mukherjee on Tuesday exuded confidence that economy would shortly revert to nine per cent growth rate but identified rising prices as a major concern, although inflation has declined to 8.6 per cent from double digits in June.

    For India, the ideal inflation rate would be 4-5 per cent although it may be difficult to attain, the minister said while inaugurating the Economic Editors' Conference in New Delhi.

    "I will try to bring it (inflation) down through whatever mechanism we would be ideal if we have 4-5 per cent, but may be difficult. But I do feel that annualised inflation rate would be around six per cent," Mukherjee said.
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