Finance Minister Nirmala Sitharaman said the government is taking steps to control inflation | File photo | Photo Credit: Nagra Gopal
Indian Finance Minister Nirmala Sitharaman said on Saturday that inflation in India is slightly above the “tolerance limit”, and the government is taking steps to control it.
“Since we have adopted a very calibrated approach, today we have an inflation which is slightly above the tolerance limit, but which is being worked on continuously to bring it down,” he said.
India’s annual retail inflation for March rose at its slowest pace in nearly 15 months and was below the central bank’s upper tolerance level for the first time this year on soft food prices.