Pranab: Need political consensus for India growth

August 04, 2011 12:25

In Parliament, finance minsiter Pranab Mukherjee says there is no inherent contradiction between economic growth and inflation. Reacting to BJP senior leader Yashwant Sinha's comments yesterday in the House, that economic growth at the cost of much of the country going hungry, was unacceptable.

The finance minister says says the country needs growth, but with a moderate rate of inflation. He explains that high inflation is due to a mismatch between demand and supply and yet, an investment climate had to be created.

He says there is no real difference between the government's and the opposition's stand on price rise, but the government needed political consensus to take the country on the path of growth.

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