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Economic Outlook Survey by FICCI

According to the latest Economic Outlook Survey by the Federation of Indian Chambers of Commerce and Industry (FICCI), inflation rate would continue for a while before settling between 6 per cent and 8 per cent by December 2010. According to the chamber, inflation would take a downward trend post-September 2010 and the primary inflation would cool down from August and manufactured articles inflation would dip from November.

Oct 13, 2010 13:05 IST

Economic Outlook Survey by FICCI
According to the latest Economic Outlook Survey by the Federation of Indian Chambers of Commerce and Industry (FICCI), inflation rate would continue for a while before settling between 6 per cent and 8 per cent by December 2010. According to the chamber, inflation would take a downward trend post-September 2010 and the primary inflation would cool down from August and manufactured articles inflation would dip from November. The chamber highlighted that frequent changes in policy rates are derailing the growth momentum. It was further emphasized that aggressive rollback of easy money policy is likely to jeopardise growth. FICCI predicted an annual GDP of 8.5 per cent.