GDP on the rise, inflation down

Shrugging behind worries of a slowdown, the latest Gross Domestic Product (GDP) figures indicate a 9.1 percent growth in the first half of year 2007 to 2008.
Strong signs came in from the agricultural sector which grew by 3.7 percent as against 2.8 percent a year ago.

The parliamentary mid-term review committee said managing copious capital flow, without hurting growth and price stability in the short-term, was a big challenge.
Inflation

Cheaper food prices, especially that of vegetables, pulled down inflation to 3.01 per cent for the week that ended on November 24.

The current rate of inflation is just a tad above the RBI's medium-term target of 3 per cent. The wholesale prices index-based inflation stood at 3.21 per cent in the previous week and 5.55 per cent during the same period last year.

During the week under review, food prices declined considerably, while vegetable prices dropped the most by as much as 9.6 per cent.

Courtesy:ibnlive.com
Complete artical HERE