World Economy

India Inflation Under Control

India Inflation Under ControlIndia Inflation Under Control

Finance Minister Arun Jaitley Saturday said inflation has been brought under control in the past one year but global economy and agrarian situation as well as domestic investments pose challenge to the Indian economy, PTI reported. Addressing his second press conference in as many days to highlight achievements of Narendra Modi government in first year in office, Jaitley said “restlessness” of people for the economy to grow at a faster pace should put pressure on Congress to shed its anti-growth and anti-development agenda. “In the past one year inflation has been under control to a great extent... Overall inflation situation has been much better than it has been in the past one decade,” he told reporters at the BJP headquarters in New Delhi. While the decline in international oil and commodity prices have helped cool inflation, the government too has taken steps to control food inflation that has led to both wholesale and retail inflation come down from a peak of 11%, he said.