Top honchos at India Economic Summit

Montek Singh Ahluwalia - Deputy Chairman Of India's Planning Commission

"The finance minister has said they want to bring the fiscal deficit down starting next year. Withdrawing stimulus means reducing the fiscal deficit. These are not two different things."

"I think we are on target for anything near 5 to 6 percent inflation. I would like it to be 5 percent rather 6 percent."

"But at the point when growth is distinctly below potential, the balance of the concern is essentially maintaining the growth rate."

"(Right) now, I don't think we are in a position where the inflation issue is anything other than something we keep a close watch on."

"The real concern on the pricing front is that you have food price inflation somewhat high. But that reflects partly the bad monsoon. I expect by the end of this financial year food price inflation will come down."

Text: Reuters

Image courtesy: Getty/AFP

Also see: India to clock 9 percent in 11th Plan period: Ahluwalia