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Pick up in consumption contingent on controlling inflation: India Ratings & Research

"One percentage point reduction in inflation will lead to 64 basis points increase in GDP or 1.12 percentage points increase in PFCE (Private final consumption expenditure) growth. If inflation can be brought down by 1 percentage point, it would be a win win," India Ratings and Research Chief Economist Devendra Kumar Pant said in an interview. ....

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