Inflation poses challenge for India:
WASHINGTON Finance Minister Pranab Mukherjee, said inflation posed a major challenge to the Indian economy and projected that the rate of inflation is going to be more than 6.5 per cent this year.
Washington, Apr 12 While expressing concern over rising global commodity prices, Finance Minister P Chidambaram today said India has been able to contain inflationary expectations even though headline inflation has gone above the tolerance level of five per cent.