CEA sees scope for monetary easing as adequate food stock to contain inflation
Source: IRIS | 26 May, 2015, 05.23PM
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Chief Economic Advisor Arvind Subramanian said there is scope for monetary easing by the Reserve Bank of India, allaying fears of possible uptick in inflation.
Subramanian said inflation is relatively well contained and improving. The government has adequate food stock to contain inflation going forward even if there is short fall in Monsoon.
On growth, Subramanian said there are signs that economy has started to pick up again. The government is confident of meeting growth target for fiscal 2016, CEA said. 'Uptick in indirect tax collection in April 2015 is the most recent indicator of economic activity,' Subramanian added.
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