RTTNews - The Centre for Monitoring Indian Economy (CMIE) has projected India's average inflation at 0.1% for the fiscal 2009-2010 compared to 8.3% in 2008-2009, reports PTI, citing CMIE's monthly review.
In the year under review, the prices of fuel products and manufactured goods are expected to fall, while inflation in primary articles would remain firm. Moreover, the Reserve Bank of India (RBI) also projected a lower money supply growth during the year and Capacity expansion was also likely to continue in FY 10, pushing the inflation down. CMIE estimates that apart from these factors, a higher base will also play a role in bringing down inflation.
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