Economics
India Trying to Ease Inflation Below 7%, Finance Minister Says
- Inflation has breached central bank’s target for six months
- Indian economy ‘showing very positive signs,’ Sitharaman says
Nirmala Sitharaman
Photographer: T. Narayan/BloombergThis article is for subscribers only.
Indian Finance Minister Nirmala Sitharaman said authorities are attempting to ease the country’s inflation rate below 7%, after rising prices have consistently breached the central bank’s target this year.
“We are keeping an eye on inflation and will certainly bring it down below 7%,” Sitharaman told lawmakers in New Delhi late Monday.