PHD Chamber appreciates the consistent decline in WPI Inflation

PHD Chamber appreciates the consistent decline in WPI Inflation

PHD Chamber appreciates the consistent decline in WPI Inflation

No.PR-9

April 16, 2018

New Delhi

 

PHD Chamber appreciates the consistent decline in WPI Inflation

 

While appreciating the efforts of Government of India and RBI, Mr. Anil Khaitan, President, PHD Chamber said that the consistent decline in WPI indicates that the Government has undertaken effective measures at the ground to address the supply side problems of the economy during the last few years.

 

A significant decline in the inflation of food articles including cereals and pulses is an indicator that the Government has rightly focused agriculture sector, said Mr. Khaitan.

 

Going ahead, we look forward to the continuation of favorable policy environment and further easing of monetary policy to strengthen the industrial growth and lower cost of borrowings for the businesses especially for the MSMEs, said Mr. Khaitan.

Ends.

Koteshwar Prasad Dobhal

Consultant (PR)