Double digits inflation disappoints once again: PHD Chamber

Tough the country has received good kharif crops production and outlook for rabi crops is also promising, escalation in the CPI inflation which is re-emerging month after month and has entered double digit trajectory is worrying said Mr. Suman Jyoti Khaitan, President, PHD Chamber of Commerce & Industry. CPI is estimated at 10.09% in the month of October 2013 as against 9.84% in September 2013

There seems a severe problem in the supply side management as production is not reaching easily to consumers' doorsteps. At this juncture, Inflation in India can be tackled only by easing supply side constraints and improving infrastructure at a rapid pace, which can lead to an overall development in the economy, going forward, said Mr. Khaitan.

 

The government must enhance public investments in infrastructure sector especially the agriculture infrastructure in terms of supply side infrastructure i.e. farm gate to consumer doorstep supply chain management, which could effectively tackle the challenge of inflation.

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