- Thursday, February 27, 2025
The finance minister said economic growth is likely to be robust at least till the end of 2023 as India heads into the festive season, when spending picks up.
By: Shubham Ghosh
INDIAN finance minister Nirmala Sitharaman has said inflation in the south Asian economy will remain steady in months to come, despite short-term rises in prices of certain food items.
Speaking to the Economic Times daily in an interview which was published on Wednesday (30), she said economic growth is likely to be robust at least till the end of 2023 as India heads into the festive season, when spending picks up.
Food price inflation went up to 11.5 per cent in July, its highest in more than three-and-half years, while India is set to get very less rainfall, adding to the Narendra Modi government’s concerns ahead of some crucial elections, both at states this year and nationally next year.
“Till after the new year, you would have enough reasons to believe that the demand situation is going to only go up,” Sitharaman was quoted as saying.
“So, I expect the next quarter will also do well.”
India is set to release GDP data for the period between April and June on Thursday (31).
According to a Reuters poll, the economic growth is projected to touch 7.7 per cent, marking the fastest annual pace in a year.
