The first quarter of FY12 started with a bang as India won the ICC World Cup 2011 after a gap of 28 years. There was celebration all around and Dhoni and the young men in blue laughed all the way to the bank. Meanwhile most Indians felt the inflation heat on their pockets. Hence RBI took several monetary measures to contain the inflation monster and the quarter ended with a moderation in food inflation which dropped to a six-week low of 7.78% measured by Wholesale Price Index (WPI).
On the economic growth side, the last quarter of FY11 clocked 7.8%, the lowest in last five quarters. In addition, the eight core infrastructure industries
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