Friday, November 22, 2024

Our priority is to tame inflation: FM

Date:

New Delhi: Finance Minister Nirmala Sitharaman on Friday said the government’s 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, 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.

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.

PTI

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

Discover how Chief Justice DY Chandrachud is promoting awareness about myopathy and how the public is connecting vaccine side effects to muscle disorders

A few days ago, Chief Justice DY Chandrachud spoke about his daughters condition, nemaline myopathy, which is a...

Covid Vaccine Victim EXPOSES the System: Participant’s Experience in AstraZeneca’s COVID-19 Vaccine Trial and Post-Vaccine Neuropathy

In this explosive episode, we delve into the story of Brianne Dressen, a participant in the AstraZeneca COVID-19...

Watch India Debate with Ashutosh Pathak on Karan Johar, Yash Johar and Dharma Productions

Latest News: https://qvive.in/india-news/did-vaccine-side-effects-cause-heart-attack-in-singer-kks-sudden-death

Insights from NIH Report: Exploring the Link Between COVID-19 Vaccine Side Effects, Hypoxia, and Heart Attack – Singer KK’s Sudden Death

KK, whose real name was Krishnakumar Kunnath, rose to fame in the early 2000s with his soulful voice...