RUPA REGE NITSURE, GROUP CHIEF ECONOMIST, L&T FINANCE HOLDINGS, MUMBAI
"My CPI projection again spot on at 4.4 percent led by a sharp fall in food inflation exactly predicted by me at 3.38 percent. This is led by a sharp correction in vegetable prices and continued disinflation in pulses. What is noteworthy is that this low reading is despite an unfavourable statistical base. This clearly shows that inflation is not a serious risk for India. IIP growth is still very skewed and facilitated by favourable statistical base."
(Reporting by Vishal Sridhar in Bengaluru)
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