Inflation will come down: Montek

Recent Stories Cognizant's $300mn India capex on track Rs 50,000cr sovereign bonds likely Govt plans relief package for exporters Dabur to buy Fem Care for Rs 282cr   More    Related Stories Rs 50,000cr sovereign bonds likely Rupee drops to 50.15/$, seen at 52/$ Govt awards 44 oil, gas blocks Inflation @ 8.90%, RBI may cut rates   More    Recent Videos LG enters the cluttered biz phone space Maruti M-cap tops GM! Future to focus on in-house brands Value-for-money phones   More

NEW DELHI: Speaking exclusively to UTVi, Montek Singh Ahluwalia, deputy chairman, Plannning Commission, said inflation will come down if oil prices continue to fall in the international market.

"Inflation could go a little higher. I don't have a specific figure to pin my projection on but it will come down. I think the momentum has to be broken. Then, over a period of 3-4 months, you will see the inflation rate coming down gradually."

Montek also stressed on the fact that the impact of measures taken by the government will not reflect immediately.

"The impact of many of the measures that have been taken, for example the monetary tightening, these have time lags of three-six months. So, if you did something in March, don't expect to have an impact till September. Monetary policy review will be out on 29 July, and in case they take any measures, that also will have a time lag."