Government today cautioned that sharp fiscal and monetary measures for bringing down inflation may result in slow growth and unemployment. Addressing a press conference in New Delhi the Chief Economic Advisor to the Finance Ministry Kushik Basu said that there is no set formula for bringing down the inflation . He elaborated it is not known, how much fiscal and revenue deficit , bank rates including repo and reverse repo rates lead to desirably lower inflation. Mr. Basu said the growing inflation is a cause of concern and it is likely to come down to 6.9 percent by the end of this year. Earlier it was projected that the inflation will come down to 6 percent by the end of December. The chief Economic Advisor said that the average whole sale price index in the month of August declined to 8.5 percent compared to 9.8 percent in the previous month. He added that the food inflation also came down from 18.1 percent in July to 14.6 percent in August. Mr. Basu said that the 8.5 percent growth will be achieved in this fiscal with manufacturing sector showing buoyancy. He said return of agriculture and services sector to their full capacity is likely to put India on higher economic growth path. Presently these two sectors are performing below capacity.