Lok Sabha Debates
Regarding Concrete Action To Check Inflation-Laid. on 19 July, 2021
Seventeenth Loksabha an> Title: Regarding concrete action to check inflation-laid.
SHRI S. JAGATHRAKSHAKAN (ARAKKONAM):Prices of metals and intermediate goods like steel, copper and other metals are rising leading to overall increase in prices of finished products. If this continues then there would be widespread inflation and there are chances of India going to the bad inflation phase of 2010-2015. Also, despite the RBI's mandate to target inflation at 4 percent, prices have been rising more than the target. If this is the case during the slow economic growth phase, won't that accelerate and derail economic growth once the economy returns to normal after the Covid-19 pandemic?
I request the Hon'ble Finance Minister to spell out concrete action plans to check inflation slipping out of hand and to usher in economic stability for common man.