Independence Day 2023: ‘Our govt controlled inflation efficiently' says PM Modi at Red Fort, vows to minimise impact
Narendra Modi acknowledged the presence of inflation in the country and assured that his government is dedicated to minimising the impact of soaring prices. He emphasised their commitment to address this issue diligently. He said, “Whole world is facing inflation, India too facing same, but will minimise the burden of sky-rocketing prices.' He added, "our government has controlled inflation efficiently." He stated, "The world has yet to fully recover from the effects of the pandemic.
The pandemic led to another crisis, the crisis of inflation. Inflation has gripped the entire global economy...It's unfortunate that when we import essential goods, we also import inflation. However, India has made extensive efforts to curb inflation...We cannot be complacent simply because our situation is comparatively better than the global scenario.
I am committed to taking further measures to alleviate the burden of inflation on our citizens. We will take those steps, and my endeavours will persist..." He also stated, "In 2014, when we assumed power, India was ranked 10th in the global economic hierarchy. Today, through the collective endeavors of 140 crore Indians, we have climbed to the fifth position.
This achievement did not occur by chance. We successfully curbed the menace of corruption that had held our nation captive. We plugged leakages and established a robust economy." Earlier last week, Finance Minister Nirmala Sitharaman reassured parliamentarians on August 10 that the government is implementing substantial measures to curb food inflation, with more strategies in progress.
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