Inflation will moderate over time: Chidambaram
India's headline inflation rate, which has accelarted to near three-year highs in recent weeks, will moderate over time as the impact of fiscal and monetary measures kick in, the finance minister said on Friday.
By PTI |
NEW DELHI: India's headline inflation rate, which has accelarted to near three-year highs in recent weeks, will moderate over time as the impact of fiscal and monetary measures kick in, the finance minister said on Friday.
Palaniappan Chidambaram told lawmakers in the lower house of parliament that every measure within the power of the government was been taken and would be taken to calm inflation. "I am confident inflation will moderate over time," Chidambaram said, adding that it was being largely driven by high international commodity and food prices.
Palaniappan Chidambaram told lawmakers in the lower house of parliament that every measure within the power of the government was been taken and would be taken to calm inflation. "I am confident inflation will moderate over time," Chidambaram said, adding that it was being largely driven by high international commodity and food prices.
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