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India needs to aim for growth without inflation: junior finance minister

Tuesday, January 13, 2015 - 22:31

[NEW DELHI] India needs to aim for a non-inflationary economic recovery, the country's junior finance minister said on Tuesday.

Speaking at an industry event, Jayant Sinha also said India needs to aim for non-inflationary economic growth of 7-8 per cent.

India's annual consumer price inflation accelerated for the first time in five months in December to 5.0 per cent, driven by higher food costs.

REUTERS