• August 25, 2023

Government’s Top Priority Is To Tame Inflation: Finance Minister Nirmala Sitharaman

Government’s Top Priority Is To Tame Inflation: Finance Minister Nirmala Sitharaman
Share

Finance Minister Nirmala Sitharaman said the government’s top priority is to tame inflation (File)

New Delhi:

Finance Minister Nirmala Sitharaman today said the government’s top priority is to tame inflation to ensure sustained economic growth.

Addressing the B20 Summit India, being hosted by the Confederation of Indian Industry (CII), the minister said the GDP numbers for the first quarter, to be released this month, should be good.

Observing that elevated interest rates for considerable time hampers recovery, Ms Sitharaman said, “my priority is to tame inflation.”

Retail inflation soared to a 15-month high of 7.44 per cent in July, mainly on account of spiralling prices of tomatoes and vegetables.

On growth, she said that India has been able to accelerate the pace of economic reforms and the first quarter GDP numbers “should be good”.

The National Statistical Office is scheduled to release the GDP numbers for the first quarter on August 31.

Ms Sitharaman said that “green shoots’ of private capital expenditure can be felt on back of the government’s push for capital expenditure in the budget.

She also spoke about climate financing and reforms being undertaken by the government to attract foreign investments as they are vital for economic growth.
 

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)



Source


Share

Related post

Rupee falls to all-time low of 84.40 against US dollar – Times of India

Rupee falls to all-time low of 84.40 against…

Share Rupee declined to an all time low of 84.40 against the US dollar on Thursday, affected by…
Network18’s Moneycontrol Pro Crosses 1 Million Paying Subscribers, India’s Largest News Subscription Platform Now Among Top 15 Globally – News18

Network18’s Moneycontrol Pro Crosses 1 Million Paying Subscribers,…

Share Last Updated: October 23, 2024, 00:03 IST Moneycontrol Pro has consistently expanded its array of cutting-edge features…
आसान भाषा में भेजें नोटिस, वित्त मंत्री की हिदायत- टैक्सपेयर के मन में नहीं बैठना चाहिए डर!

आसान भाषा में भेजें नोटिस, वित्त मंत्री की…

Share वित्त मंत्री निर्मला सीतारमण ने इनकम टैक्स डिपार्टमेंट को नोटिस भेजने और टैक्सपेयर्स के साथ डील करने…