Chandigarh: Inflation is expected to come down to 5.5 percent by March 2011, Prime Minister's Economic Advisory Council Chairman C Rangarajan said today.
Besides, the PM panel also sees the country to achieve a GDP growth rate between 8.5- 9 percent in the current fiscal.
"I think by March (2011), we can expect (WPI) inflation to come down to 5.5 percent," Rangarajan said on the sidelines of the 93rd annual conference of Indian Economic Association here.
"I think any level of inflation beyond 5 per cent (threshold level of inflation) is uncomfortable," he asserted.
The wholesale price index-based inflation stood at 7.48 percent in November against 8.58 percent in October while food inflation shot up to 12.13 percent for the week ended December 11.
Source: PTI
