The Deputy Chairman of Planning Commission Montek Singh Ahluwalia has said that inflation will come down and the economy will turn around towards growth trajectory by May. Speaking on the sidelines of a programme in Bangalore today he said that lowering of repo rate by RBI gives this signal that economy needs a stimulus by adjusting interest rate. He said Planning Commission is preparing a composite set of policies for the 12th plan to encourage higher growth rate of the economy. The policy will be ready by May-June and the National Development Council is likely to approve them by September. Montek Singh hoped that the economy will achieve growth rate of seven and a half percent this fiscal. About the growth target for 12th five year plan period, he informed that nine percent should be achieveable if we work hard. He disclosed that infrastructure investment, skill development and agriculture are the key areas which will receive the support of the Government during the 12th plan period. Speaking about the corruption hindering growth, he felt that a sensible way to get around corruption should be worked out.