Date:25/06/2008 URL: http://www.thehindu.com/2008/06/25/stories/2008062555811200.htm

National

“9% GDP growth can be maintained”

Special Correspondent

NEW DELHI: Planning Commission Deputy Chairman Montek Singh Ahluwalia on Tuesday said a GDP growth of nine per cent can be achieved despite the global surge in oil prices while noting that monetary policy would play a role in controlling the price spiral.

Talking to journalists here, he admitted that rising inflation was a “serious” problem and “there is no doubt [that] monetary policy has a role to play in any control of inflation.”