NEW DELHI (Reuters) – Inflation in India is barely above the “tolerance restrict”, and the federal government is taking steps to manage it, Indian Finance Minister Nirmala Sitharaman mentioned on Saturday.
“As a result of we took a really calibrated method, right this moment we have now an inflation which is barely above the tolerance restrict, however which is consistently being labored at so it may be introduced down,” she mentioned.
India’s annual retail inflation for March rose on the slowest tempo in almost 15 months and was under the central financial institution’s higher tolerance degree for the primary time this 12 months, on the again of softer meals costs.
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(Reporting by Nidhi Verma and P Jayshree)
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First Printed: Might 06 2023 | 11:50 AM IST