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Inflation target at 5% a challenge; macro stability key: Moody's

RBI's target to bring down retail inflation at 5% by March 2017 will face some risks from monsoon uncertainty and execution of 7th Pay Panel recommendations, while macro-economic factors will be critical for sustaining growth, Moody's Investors Service said today.

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Inflation target at 5% a challenge; macro stability key: Moody's

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  1. Inflation target at 5% a challenge; macro stability key: Moody's RBI's target to bring down retail inflation at 5% by March 2017 will face some risks from monsoon uncertainty and execution of 7th Pay Panel recommendations, while macro-economic factors will be critical for sustaining growth, Moody's Investors Service said today. It also said that a growth-oriented forthcoming Budget, while controlling inflation at the same time, will help support India's sovereign credit rating. Read our full coverage on Union Budget 2016 The Reserve Bank expects retail inflation to be around 6% in January 2016 and lower further to 5% by March 2017. "The budget announcement at the end of February should offer some insight into the Pay Commission implementation, other fiscal measures and their likely impact on growth and inflation.

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