Inflation rate in the country remains low in last 7 years: Centre

New Delhi, 16 March: During the last seven years tenure of Prime Minister Narendra Modi, the inflation rate in the country has been recorded average. The government’s effort is to further reduce inflation.

Minister of State for Finance Anurag Singh Thakur told during Question Hour to the Rajya Sabha on Tuesday that the average rate of inflation in the period 2009 to 2014 was 10 to 12 percent, as compared to the inflation rate between 4 and 4.5 percent between 2014 and 2019.

He said that the government has continuously increased the minimum support price (MSP) during the last seven years. The government will continue its efforts to double the income of farmers.

He said that due to the hard work of farmers, the country’s grain reserves are full. The government has also developed storage capacity in the country. The government is implementing this dual policy that inflation should be controlled and farmers’ income should be increased continuously.

Thakur informed the house that the result of the increase in the support price of pulses and oilseeds is that their availability in the country has increased and imports have come down.

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