New Delhi, Oct. 13 -- The record-low inflation offers a strong foundation for India's next phase of growth, presenting a moment of opportunity to revitalize private investment, stimulate consumption, and accelerate job creation, said Rajeev Juneja, president of PHD Chamber of Commerce and Industry (PHDCCI).
"Food inflation (Provisional) registered a minus 2.28 percent year-on-year decline, extending its downward trend for the fourth consecutive month. Among categories, the sharpest declines were driven by lower inflation in vegetables, oil & fats, fruits, pulses, cereals, and eggs, as well as moderated increases in energy and fuel prices. Better arrivals of vegetables, cereals, and pulses at mandis led to a correction in retail prices," sa...