By IANS,
New Delhi : Inflation is a short-term challenge, arising out of crude oil price increase, Planning Commission Deputy Chairman Montek Singh Ahluwalia said here Wednesday.
“It is properly handled and should not affect the medium-term average growth rate of 9 percent,” he said at a press meet here.
India’s annual rate of inflation hit a 13-year high of 11.42 percent for the week ended June 14.