Updated On: 27 January, 2009 06:37 PM IST | | PTI
The Central government on Tuesday said inflation will come down to a more realistic level, as has been indicated by the Reserve Bank of India, but there is no fear of recession.
The Central government on Tuesday said inflation will come down to a more realistic level, as has been indicated by the Reserve Bank of India, but there is no fear of recession.
"Falling inflation is not indicative of coming recession in the economy...No fear of recession," Economic Affairs Secretary Ashok Chawla said, while commenting on the third quarterly review of the credit policy announced by the central bank.