Price stability key to recovery for India, other G20 nations
Facebook Twitter google+ RSS Feed

Price stability key to recovery for India, other G20 nations

Monday, 28 June 2010, 05:56 Hrs
Printer Print Email Email
Toronto: Amid concerns over sustaining the recovery through domestic consumption, the world's most influential leaders have asked their grouping, G-20, to work for price stability - a key challenge for India grappling with double digit inflation.

"Monetary policy will continue to be appropriate to achieve price stability and thereby contribute to the recovery," the declaration by G-20 leaders said yesterday after their two-day summit here.

India is battling high overall inflation which touched 10.16 in May, while food inflation is above 16 per cent. The government's chief economic adviser himself estimated that last week's decision to raise fuel prices would stoke inflation by 0.9 percentage points.

The Reserve Bank is scheduled to review monetary policy on July 27 amid expectations of rise in key policy interest rates.
Source: PTI
Experts on SiliconIndia
Santhosh  K
Sr. Soft. Engg.
Oracle India
Nehal Vyas
Sr. Team Lead
Cyberoam Tech.
Rani Malli
Sr. Director
Philips
Sr. Executive
ISB
Vijay Balkrishna Konduskar
Business Consultant
Imans Web Tech
Dr L P  Sharma
Technical Director
NIC
Reena Khanna
Founder
Solitaireworld
Dellas  Asse
sys-network admin
Computer Station
Write your comment now
Submit Reset
SPOTLIGHT