Indian Prime Minister Monti is working to curb inflation

Indian Prime Minister Narendra Modi said on Monday that his government was trying to keep inflation under control. He said he has made it a priority since coming to power in 2014.

After the prime minister spoke about the thank-you proposal for the president’s speech in Lok Saba, he said keeping inflation under control has been a priority for the government since taking power in 2014.

In fact, our government tried to curb inflation during this period. “Between 2014 and 2020, inflation was below 5 percent,” he said.

“The opposition has raised the issue of inflation here. It would be better if they did it while their government was in power.

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In addition, he explained that India was facing double-digit inflation before 2014 under the UPA regime and the government had then admitted that it could not curb inflation.

Economic progress in India

According to the Prime Minister, if Congress were in power today, it would have blamed Covid for the increase in inflation and would have gone ahead.

Defamation of industrialists as variants of Covid would harm Congress’ interests, he told Lok Sabha.

Monti said India’s economic progress was an example to the world. People had taken steps in the country amid a pandemic unlike any other.

The fastest growing economy today is India, among other major economies. Our farmers also produced record quantities of food grains during the Covid-19 period. “The government has provided free meals to more than 80 million people in the country,” he said.

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The Prime Minister noted that India has experienced increased exports in various sectors, including Krishi (agriculture), mobile telephony, software and defense.

The Prime Minister stated that India is now becoming an integral part of the global value chain as part of the Aatmanirbhar Bharat campaign. He noted that the two sectors with the highest workload are SMEs and textiles.

In these difficult times of the Covid-19 pandemic, India recorded the highest FDI inflow ever.

Source: Times of India

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