PM to discuss over slowing economic growth and high inflation today

The Prime Minister Dr. Manmohan Singh will chair a meeting today in the capital to discuss slowing economic growth and high inflation. The high inflation which is at around 9 per cent and the economy to face the recession sort of situation.

The apex bank had hiked the key interest rates 12 times since March 2010 to tame the inflation in India. The headline inflation was recorded at 9.27 per cent in the month of September, while the food inflation was at 9.32 per cent for the weekended October 1.