Rise in inflation due to macro-economic imbalance: Montek Singh Ahluwalia
PUBLISHED ON: September 14, 2012 | Duration: 4 min, 54 sec
Inflation, which rose to 7.55 per cent in August, is a consequence of macro-economic imbalance, said Montek Singh Ahluwalia, Deputy Chairman of the Planning Commission. He further reiterated the need for tough decisions on the economic front to accelerate growth. "The move to hike diesel prices is one such touch decision that was needed," he added.