Growth forecast range reasonable despite monetary tightening: CEA

Chief Economic Advisor Dr V Anantha Nageswaran said India's growth forecast is "reasonable" despite monetary tightening. He added that global price shocks posed "upward risks to domestic inflation", which, over time and with increase in interest rates, would dampen demand and put downward pressure on energy prices. The risk of sustained high inflation "is somewhat low" in India, he said.