India Investment, Indian Government, Indian Trade & Indian Economy Analysis, Commentary & News

The India economy’s most-watched inflation measure, the wholesale price index, fell from 8.4 percent to 8 percent according to AP.

India’s economic news by the Ministry of Commerce is welcome as the India central bank aims to hit an inflation target of 5 percent after hitting a high of 12.9 percent in August.

Lower inflation on food prices, etc. will allow the India government more room to adjust interest rates accordingly to keep up with Indian economic growth targets which the World Bank expects at just 5.8 percent in 2009.

Related posts

• India Central Bank Raises Interest Rates (0)
• Tax Cuts as India Economy Slows (0)
• Reserve Bank of India Underestimates India’s Inflation (0)
• RBI Raises Reserve Requirements (0)
• Inflation in the India Economy Rises 1.5 Percent (0)