Chennai:  With food inflation getting into the negative territory, there is a "good reason" to suggest that the country is heading towards lower inflation, a top Finance Ministry official said on Wednesday.

"In December, food inflation had gone into the negative territory. There is good reason to suggest that (India is) heading towards lower inflation," Principal Economic Adviser in the Finance Ministry Dipak Dasgupta said.

Speaking at a panel discussion on 'State of the Economy', he said things were "not so favourable" on the inflation front last year and though the country had come out of the economic slowdown in 2008, many unexpected developments happened in globally in 2011.

"We had thought we had done well but felt a shock in inflation such as drought and high global commodity prices," he said.

Pitching for the country quadrupling its per capita income in the next 20 years, from around USD 1,600-USD 6,500, he said creation of jobs is imperative for that.

"We can't afford to lose jobs and that is centre to our strategy," he added.

(Agencies)