Inflation slips to 8 per cent, reason to smile

The inflation come down to 8 per cent at the week ended November 29. Inflation was recorded at 8.4 per cent in the previous week. There is fall in in the inflation and its significant for the economy. In the previous year the inflation was at around 3.4 per cent.

There is feel good factor for the people as the government has reduced the fuel prices and on the other hand the inflation is coming down to normal rate. What more is required than a normal rate of inflation and reduction in the fuel prices.

The wold has been reeling under the pressure of the global financial crisis and back home the impact is bulk on many sectors. But the measures by the government of India and the Reserve Bank of India, enough to check the pressure.

Recently the government has declared package and according to media reports the government would soon declare another package to give relief to other sectors those are not listed in the first bail out package.