Kaushik Basu sees inflation falling to below 5% next fiscal
Chief Economic Adviser Kaushik Basu expects inflation to decline in the coming months and reach a "comfortable level" of below 5 per cent next fiscal.
"I feel we will reach the comfortable level of below 5% sometime during the next fiscal," Basu told PTI.
He further said that inflation for March is likely to be a little over 7%. There would be a sharp reduction in March though there would not be much relief in February, he added.
Chief Economic Adviser Kaushik Basu expects inflation to decline in the coming months and reach a "comfortable level" of below 5 per cent next fiscal.
"I feel we will reach the comfortable level of below 5% sometime during the next fiscal," Basu told PTI.
He further said that inflation for March is likely to be a little over 7%. There would be a sharp reduction in March though there would not be much relief in February, he added.