As per the finance minister Pranab Mukherjee on Thursday the inflation rate shall move down by 5-6 per cent in the upcoming months as the prices of vital items that have been going temperate. He further added that the inflation rate of few of vital items is moderate. He is very positive that inflation rate shall come down to a fair level by 5-6 per cent in the coming months while dealing with the industry skipper at a function organized by industry chamber FICCI here.

The total inflation is seems to be in the double figures for the four months with the June digits ranked at 10.55 per cent. The economic development Mukherjee radiated poise that GDP shall progress at 8.5 per cent in the current fiscal of 2010-11 endowed with the services sector shall fetch well.

Moving further he expressed that the services domain added that approximately 57 per cent to the GDP and it has to record double-digit development for a considerably higher total growth rate. An 8.5 per cent total development shall depend on the elevated developed rate of the services sector.