Finance Minister Nirmala Sitharaman mentioned the federal government is taking steps to manage inflation | file photograph
| Picture Credit score: NAGARA GOPAL
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 strategy, as we speak we’ve got an inflation which is barely above the tolerance restrict, however which is continually 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 beneath the central financial institution’s higher tolerance stage for the primary time this yr, on the again of softer meals costs.