The Prime Minister's Economic Advisory Council says that inflation will decline to 6.5 per cent in March 2012. Talking to reporters in New Delhi today, the Chairman of the Advisory Council Dr. C. Rangarajan said that inflation is continued to be around 9 per cent till October. The other highlights of the Economic outlook released by Dr.Rangarajan included that agriculture is projected to grow at 3 per cent, industry at 7.1 per cent and services at 10 per cent. Dr. Rangajan said, monsoon is projected to be 90 to 96 per cent of long period average. He said that projected growth rate of 8.2 per cent must be treated high and respectable during the current world economic situation. He said, this situation is unlikely to improve and suggested to increase fixed investment rate to keep the economy growing at 9 per cent. Dr.Rangarajan said that current account deficit is projected at 54 billion Us dollars which is 2.7 per cent of GDP. Last year it was about 2.6 per cent. Dr.Rangarajan said that capital flows are projected at 72 billion US dollars. FDI flows are projected at 35 billion US dollars and investments by Foreign Institutional investors, FII, to be at 14 billion dollars.