Inflation fell to 0.44 per cent for the week ended March 7 from 2.43 per cent in the previous week, according to the Wholesale Price Index. -- PHOTO: REUTERS
NEW DELHI - INFLATION in India has dropped to close to zero, official data showed on Thursday, as Asia's third-largest economy maintained a sharp slide towards deflationary territory.
Inflation fell to 0.44 per cent for the week ended March 7 from 2.43 per cent in the previous week, according to the Wholesale Price Index, the most watched cost-of-living measure.
India's inflation rate has fallen from a 13-year high of 12.91 per cent last August due to a slump in oil and other global commodity prices as well as the effects of the worldwide slowdown. -- AFP
