Govt managed to contain inflation

Tribune Web Desk

Updated At : 12:56 PM Jul 23, 2024 IST

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New Delhi: The Economic Survey highlighted that FY24 witnessed swift and effective administrative action by the government to deal with price flare-ups in specific items. It states that India managed to keep retail inflation at 5.4 per cent in FY24, the lowest since the Covid pandemic period. The survey pointed out prudent monetary policy response and calibrated trade policy measures by the government, coupled with strong output growth, helped reduce core inflation to a four-year low in FY24.

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