Finance Minister Nirmala Sitharaman says the government is taking steps to control inflation | image file | Photo Credit: NAGARA GOPAL
Inflation in India is slightly above the “tolerance limit”, and the government is taking steps to control it, Indian Finance Minister Nirmala Sitharaman said on Saturday.
“Because we took a very calibrated approach, today we have an inflation which is slightly above the tolerance limit, but which is constantly being worked on to bring it down,” she said.
India’s annual retail inflation for March rose at the slowest pace in nearly 15 months and was below the central bank’s high tolerance level for the first time this year, on the back of softer food prices.
