Summary:
On what is the acceptable inflation rate, he says, "We had once said that 4 % is acceptable. In fact, sustained high growth rate is only possible in an environment of reasonable price stability. Watch:Session 1:Balancing Growth and Inflation: D Subbarao, Former Governor of RBI C Rangarajan, Former Governor of RBI, Montek Singh Ahluwalia, Former Deputy Chairman, Planning Commission of India, In conversation with Raghavan Srinivasan, Editor, The Hindu BusinessLine10.30 a.m. Too much growth that is beyond the productive capacity of the economy leads to higher inflation and is not worth it, says Montek Singh Ahluwalia. "Politicians have a difficult job thank people think," says Mr.
Ahluwalia, adding that they want low inflation in every commodity..