''I do hope that in the next few weeks inflation will moderate.'' He said on the sidelines of a conference here. The economist further said the country is likely to grow at eight per cent during the current fiscal, compared to 8.7 per cent growth witnessed in the previous fiscal. The RBI annual credit policy also projected the economy to grow between 8-8.5 per cent during FY09.
On banning futures trading of essential commodities to tame inflation, Mr Ahluwalia said the expert committee believes that such trading does not increase inflation.