'GDP growth to moderate to 7.5-8 pc this fiscal'

Prime Minister's Economic Advisory Council Chairman C Rangarajan said that GDP growth might moderate to 7.5-8 per cent in the current fiscal.

Prime Minister's Economic Advisory Council Chairman C Rangarajan on Wednesday said that GDP growth might moderate to 7.5-8 per cent in the current fiscal.

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"There are certain factors, both domestic and external, which may add to slowdown the growth rate, but we still think that the growth rate would be between 7.5 to 8 per cent," Rangarajan said.

He also said that unless there is a change in price situation, monetary policy stance would continue.

On inflation he said, "I think inflation would moderate by the end of March 2009. It would come down to about 8 per cent by the end of this fiscal".