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Sunday, November 20, 2011

Montek Admits Plan Panel Went Wrong On Inflation Projection

Planning Commission Deputy Chairman Montek Singh Ahluwalia today conceded that he went wrong while projecting moderation in inflation which remains near the double-digit mark.

“It is true that we were hoping that this (moderation in inflation) will happen earlier, to that extent our credibility becomes a question,” he told Karan Thapar in a interview for CNN-IBN’s TV programme ‘Devil’s Advocate’ when asked why government’s repeated projections on inflation proved false.


From: http://ping.fm/IooY0

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