Wholesale price-based inflation is expected to rise to 7.5 per cent by end-March next year against the initial estimate of 6 per cent, a report said.
"Wholesale Price Index (WPI) inflation will average between 6.40 per cent and 6.60 per cent during December 2009," Dun & Bradstreet's (D&B) economy forecast said here today.
The sharp rise in WPI inflation driven by the relentless increase in prices of primary food articles is likely to be a key concern in the near future, it said.
With the revival in the global economic activity, the demand for crude oil is likely to witness an increase in 2010, leading to a rise in international oil prices, D&B said.
GDP is expected to grow at a lower rate of 6.5 per cent in the current quarter of this fiscal against 7.9 per cent in Q2 on account of weak performance of the agriculture sector.
While the agriculture sector is expected to grow at sub-zero level in Q3 FY10, industry and services sectors are expected to drive economic activity, it said.
D&B expects index of industrial production (IIP) to have grown by 8-9 per cent during November.
