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Inflation tops Indian budget talks

01-18-2011 13:47 BJT

India's federal Finance Minister has held high-level talks with economists in New Delhi, to discuss the upcoming national budget.

The meeting comes as the country is beset by rising food and fuel prices. India's federal government has drawn criticism for failing to check inflation, which has hit hundreds of millions of the country's poor. An array of financial and economic issues were discussed at the meeting. The Finance Minister was asked to address the inflationary trend through trade reforms.

Ashima Goyal, Professor of Economics of Indira Gandhi Institute of Development Research said "The Finance Ministry people had all taken a vow of silence; they just listened to the economists. But I think the major concern today really is inflation. So I think the consensus seems to be that the budget should make some big announcement on supply side issues to address inflationary expectations."

Editor:Xiong Qu |Source: CNTV.CN

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