Montek Singh Ahluwalia News
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India’s industrial production grew in September at the slowest pace in two years, hurt by record interest-rate increases and a faltering global recovery.
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Montek Singh Ahluwalia, deputy chairman of India’s Planning Commission, said the “best” option for the government is to auction the telecommunications licenses which are coming up for renewal in 2014.
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India is targeting nine percent economic growth between 2012 and 2017, Montek Singh Ahluwalia, deputy chairman of Planning Commission, said in New Delhi today.
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India’s inflation rate will start softening from November and will be “signicantly lower” by March next year, Montek Singh Ahluwalia, deputy chairman of the country’s Planning Commission, said in Hyderabad today.
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How poor is very poor in India, home to a substantial percentage of the world's poorest people?
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Montek Singh Ahluwalia, deputy chairman of India’s Planning Commission, said inflation may moderate after the central bank raised its benchmark repurchase rate today. Ahluwalia was talking to reporters in New Delhi.
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Montek Singh Ahluwalia, deputy chairman of India’s Planning Commission, said he expects at least two $10 billion infrastructure debt funds to start this year. Ahluwalia was speaking in New Delhi today.
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India will take several months to reduce inflation to “an acceptable level,” and the central bank’s interest-rate increases haven’t hurt the economy, Prime Minister Manmohan Singh’s top economic aide said.
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India may fall short of its target for spending on roads, ports and power projects in the five years through March 2012 after failing to complete planned projects, the prime minister’s top economic aide said.
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A panel advising the Reserve Bank of India differed over the extent to which policy makers should raise interest rates last month, according to the minutes of the meeting held six days before the July 26 decision.
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