The Chief Economic Advisor to the Ministry of Finance, Dr. Kaushik Basu has said that inflation is expected to come down from 7.5 per cent in one or two months. Speaking at a workshop on Indian Economy and Economic Survey in Chennai, Mr. Basu said that by the middle of October, the inflation may further dip below 7 per cent.Observing that for the past two or three months, dramatic changes have been witnessed in the global market, he said that India's economy would emerge strong if development trickles down to the roots. For that, he said, governance reforms and corruption control measures are needed. He said that exports needed to be given a boost which would improve the country's economy in the uncertainites of global economic scenario.Appreciating the role of NREGS in empowering the rural economy, Mr Basu said that ceratin flaws in the project needs to be corrected but said that it has provided a safety net to the rural poor. He opined that proper infrastructure and providing basic amenities like food, water and housing can go a long way in improving the rural economy which is the backbone of the economy. He also added that 44 per cent of food distributed through PDS, are leeaked in a different manner. Instead, he said that freedom to choose should be given to the poor to choose what they want.To improve the flow of Indian currency in the market, Mr. Basu said that India can think of opening its borders in North-East which is a corridor to the outside world. He said that FDI in retail marketing would benefit the farmers in a big manner and would also support the rupee appreciation.