“Lower Prices Key For Consumer Demand, Industrial Growth”
  • Elizabeth George
  • Oct 14 2013

October 14: CARE Ratings’ Madan Sabnavis expects WPI near 6% and CPI near 9.6% but says these numbers are broadly irrelevant. Inflation data is important only as benchmarks for the RBI when they map policy, he says. Price levels in markets are still very high, which raises the cost of living and hurts sale of consumer durable goods, he adds.