India Aims for Economic Expansion of 9% to 9.5%, Ahluwalia Says

India aims for economic growth of 9 percent to 9.5 percent in the five years through March 2017 even though inflation is a concern, a top economic adviser to Prime Minister Manmohan Singh said.

“The rising inflationary pressure is a weak point,” Montek Singh Ahluwalia, deputy chairman of the nation’s Planning Commission, said in New Delhi yesterday. “We think proper fiscal balance and good agriculture production will help bring inflation under control.”