But amidst this scenario of persistent gloom, high inflation, political uncertainties, etc., if one looks for a catalyst that can revive the economy, put the domestic growth engine back on track and ensure an inclusive growth, the most potent option available is investment in creation of better all round infrastructure.
The December Eurosystem staff projections see annual HICP inflation at between 2.1% and 2.3% in 2006, between 1.5% and 2.5% in 2007 and between 1.3% and 2.5% in 2008. Most recent forecasts by international organisations give a broadly similar picture.