FM talks to NDTV/BS - 3

Finance Minister P Chidambaram, in an exclusive interview one day after presenting Budget 2007, said the big message is that there has to be growth before its gains can be redistributed. Talking on inflation, Chidambaram said: "Inflation can only be moderated, it cant be targeted. We moderated it when we came to office, well do it again. The duty cuts are disinflationary."