Our PM Dr. Singh addressed select few editors and here is our analysis from the text that was made available to us after discussing with our Political and Editorial Analysts.
Inflation: Effect of liquidity injection by the US was unexpected, Middle East situation could worsen; no control over international commodity prices, but support the hike in procurement prices to farmers. The problem is global, cf. China. Rangarajan [PMEAC Chairman] says inflation should be under 6.5% by March. UIDAI: Promises to eliminate the scope of corruption and leakages in subsidy management, but it would take time.
Economic Growth: Committed to growth