IndiaSphere

High inflation and slowing down of growth have been forecast by
an economic think-tank for the remaining part of this fiscal in
the face of difficult macro-economic situations.

However, as the supply-side scenario improves, the inflationary
pressures are likely to ease in the longer-term, National
Council of Applied Economic Research (NCAER) said in its macrotrack monthly report.

“The inflationary pressure is more intense on primary articles
and indicates the potential for easing of the pressure as the
supply scenario improves,” it said.

In the longer-term, the country’s policy makers will have to
address the twin concerns of demand pressure and subsequent
high rate of inflation, NCAER said.