PM Modi Promises More Step To Tackle Inflation Amid Steep Rise

Prime Minister Modi emphasized India's economic strides, projecting a top 3 global economy status within 5 years. However, this assertion comes amid rising concerns as July's retail inflation surged to a 15-month peak of 7.44%, surpassing the RBI's upper limit. This inflation breach followed a prolonged comfort zone. RBI Governor Das acknowledged potential high inflation for a few months before an expected decline. The contrasting narratives reflect India's complex economic landscape and its ambitious growth goals.