President Droupadi Murmu stated on Monday that while inflation remained a global concern, the government and the Reserve Bank of India had successfully contained it and cushioned people from its ill effects. Addressing the nation on the eve of the country’s 77th Independence Day, Murmu highlighted that as the current holder of the Group of Twenty (G20) Presidency, India could nudge decision-making in trade and finance towards equitable progress.“Inflation at the global level remains a cause for worry. However, in India, the government and the Reserve Bank have effectively managed to contain it. The government has succeeded in protecting the general population from high inflation while providing more extensive security coverage to the poor. The world looks up to India for its global economic growth,” she remarked.
Murmu outlined the government’s two-pronged strategy to ensure sustained economic progress: a continuous push towards entrepreneurship to enhance employment opportunities, coupled with proactive and expanded welfare initiatives for those in need.