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Inflation gives room for stimulus: Montek
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New Delhi: India's low inflation rate will enable policy makers to take more steps to stimulate a slowing economy, Planning Commission deputy chairman Montek Singh Ahluwalia said on Thursday.
Inflation rate heading towards zero
He also said there would not be sustained deflation in India. India's wholesale price index rose 0.44 per cent in the 12 months to March 7, the lowest annual reading in the history of the current series.
Inflation rate at an all-time low of 0.44%
"It is a good development. It gives us reassurance that we can take measures to stimulate the economy," Ahluwalia told reporters, adding negative inflation would not be good from a growth point of view.
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"We will not have sustained deflation," he said.
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