HomeNewsBusinessEconomyIndia GDP to grow 8.1% despite slower reforms: Kaushik Basu

India GDP to grow 8.1% despite slower reforms: Kaushik Basu

Kaushik Basu, chief economic advisor to the Prime Minister, said that volatility in the IIP numbers is distressing and there is a need to focus on moving average of IIP than the absolute figure. Basu further said that slowdown in growth is expected if the RBI tightens monetary cycle further.

September 13, 2011 / 17:26 IST

The IIP numbers for the month of July did not go down well with the market. Moreover, the upcoming inflation number is likely to hit the market again as it is predicted to be more than 9.5%.

Speaking to CNBC-TV18

first published: Sep 13, 2011 11:02 am

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