Economic Affairs Secretary R Gopalan on Monday said declining prices of crude oil in the international market is good news for India as it will help contain current account deficit (CAD).Speaking to reporters on the sidelines of a function in New Delhi, Mr Gopalan said it would ease pressure on rupee. He said there is a feeling that the CAD is going to get reduced, thanks to the crude prices going down. International crude oil prices have declined to 103 US dollar per barrel from 117 US dollar in April. He also said the Reserve Bank is constantly monitoring the exchange rate. Mr Gopalan further said the Indian economy will clock a growth of over 7 per cent and the government would strive to stick to the projected numbers.The Economic affairs secretary said with the lowering of the global crude oil prices, there is a possibility of inflation coming down.