Government will continue to pursue policies to ensure double-digit growth in the coming years while inflation is likely to remain below 5.0 per cent till March end, chief economic advisor Ashok Lahiri said on the sidelines of an Indian Roads and Highways conference in New Delhi on Tuesday.
Central Statistical Organisation estimates GDP growth at 6.9 per cent this fiscal, while the Common Minimum Programme has projected an average economic growth of 7-8 per cent for the Tenth Plan period.
To ensure higher growth, the government has embarked on an ambitious task of stepping up investment in infrastructure, manufacturing and agriculture sectors.
On the price level, Lahiri said "inflation is likely to remain below 5 per cent by this fiscal end as crude oil, coal and steel prices did not fluctuate much in recent periods.
"If global crude prices remain stable or fall, then inflation will be well under control in the coming periods," he said.
Inflation based on wholesale prices was at 4.95 per cent for week-ended February 26, a marginal increase from 4.83 per cent in the previous week.
Lahiri said government has been successful in bringing down inflation to less than 5 per cent from the double-digit figure some years ago.