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    Govt Taking Measures To Deal With Inflation, Will Be Able To Control It In Medium-Term: Principal Economic Advisor

    Principal Economic Advisor
    Inam Ansari
    May14/ 2022

    Kashipur: Saying that India has broadly come out of the turbulence that occured due to the COVID-19 pandemic, Principal Economic Advisor to Government of India Sanjeev Sanyal on Friday asserted that a number of steps are being taken by the government to address the rising inflation. Speaking to ANI on the sidelines of a convocation ceremony he was attending as the Chief Guest at the Indian Institute of Management (IIM) in Kashipur, Sanyal said that a speed up in the economic recovery can be seen. IIM Kashipur was set up by the Government of India in 2011 and offers a number of courses in business administration. Speaking about the measures taken to deal with inflation, Sanyal said, "We are taking a number of steps, on one side, as you know we have extended the free ration distribution that was introduced, on the other hand, in November, we had reduced a number of taxes... and you must be seeing that the Reserve Bank is slowly increasing the interest rates." "Taking all these measures into account, I think that we are broadly in a good situation economically and will be able to keep inflation under control in the medium term," he added. "It doesn't mean that we don't have problems still. There are problems, the oil prices have increased throughout, there are problems due to that," he further added. On the economic recovery post-COVID-19 pandemic, Sanyal highlighted a number of steps taken by the government, saying that a lot of sectors, like tourism, which were shut down, are coming back. "So, broadly, I would say that the pace in our economic system, has come back, for the most part," Sanyal said, adding, "And this year, according to IMF, our economy might see economic growth of 8.2 per cent, it is the fastest in the world and I wou ...

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