This Article is From Oct 21, 2009

Economic recovery will not be sharp: PM's advisor

New Delhi: As economic recovery gets under way, the big question is how soon will India get back to the high growth path? In an exclusive interview to NDTV's Shweta Rajpal Kohli, the PM's economic advisor C Rangarajan says India should expect a "long" road to recovery.

Recovery, he says, will not be sharp. Don't expect to get back to 9% growth till 2011-12.

Rangarajan says he expects food prices to ease next year. The drought has sent food prices soaring in most parts of the country, but the But the head of the Prime Minister's economic panel says pressure on food prices will continue for the next two-three months and prices will only soften next year.

On RBI indications that it may soon have to raise interest rates to tame inflation, the Prime Minister's economic advsior says the central bank should refrain from raising interest rates any time soon. At least not till inflation crosses 6%.

Watch the full interview on Saturday at 7.30pmon NDTV 24X7
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