During the 77th Independence Day commemoration held at the Red Fort, Prime Minister Narendra Modi acknowledged the persistent challenge of inflation and expressed his determination to mitigate its repercussions. Confronted with the global adversity of inflation, PM Modi underscored his administration’s resolute commitment to address the issue earnestly. He reassured the nation that while India, much like the international community, confronts the complexities of inflation, his government remains steadfast in its dedication to mitigating the strain of escalating prices. Moreover, PM Modi accentuated the adept handling of inflation throughout the tenure of his administration.
Delving into the enduring aftermath of the pandemic on the worldwide economic landscape, PM Modi highlighted the emergence of an inflationary crisis. He accentuated India’s proactive endeavors to counter inflation and underscored the necessity for unwavering vigilance, notwithstanding the relatively favorable economic position compared to the global context. Pledging supplementary actions, PM Modi reiterated his commitment to alleviating the adverse impact of inflation on the citizens.
In her recent parliamentary discourse, Finance Minister Nirmala Sitharaman reassured the implementation of substantial measures to curtail food inflation. She accentuated India’s promising economic indicators in juxtaposition to the challenges encountered by Western nations and China. Minister Sitharaman delineated strategies encompassing the import of crucial commodities such as Tur dal and urad dal to stabilize prices. Alongside, efforts to ensure the supply of tomatoes and manage stocks of moong dal were elaborated upon, accompanied by initiatives to enhance affordability.
The forthcoming initiative of the National Cooperative Consumers Federation of India to furnish subsidized tomatoes within the national capital region was spotlighted, underscoring the government’s steadfast commitment to upholding reasonable price levels. The addresses of both PM Modi and Finance Minister Sitharaman accentuate a comprehensive governmental approach to counter inflation, foster economic stability, and ensure the accessibility of essential commodities at affordable rates.