Inflation forecast at 7.2-7.6% in 2008.

Global credit rating agency Standard & Poor’s, in its latest outlook for the Asia-Pacific markets, has estimated that India’s real GDP growth will moderate to 6.5-7.0 per cent in 2009 even as consumer price based inflation will thaw to 5.0-5.5 per cent. The agency expects the easy monetary policy stance of the central bank to continue during 2009.

In calendar year 2008, S&P expects India’s real GDP to grow by 7.0-7.5 per cent. It has pegged consumer price based inflation to be in the 7.2-7.6 per cent range. Source: Business Line