PM Narendra Modi Interview PM Modi Says Inflation Is A Global Issue World Facing Which Needs Close Cooperation | PM Modi Interview: Before the G20 summit, PM Modi told inflation a big global issue, said

PM Modi on Inflation: Prime Minister Narendra Modi has said that inflation is such a big issue that the whole world is facing at this time. The Prime Minister said that first the Corona epidemic and then the war (between Russia and Ukraine) have changed the dynamics of inflation at the global level. Due to these reasons, developed to emerging economies are facing high inflation. Prime Minister Modi said that inflation is such a global issue that requires mutual cooperation to deal with it.

The need for a policy to contain inflation

In an interview to Moneycontrol, the Prime Minister said that during our G20 Presidency, there was a meeting of Finance Ministers and Central Bank Governors of G20 countries, in which it was felt that there is a need for each country to formulate a policy that would help in containing inflation. And due to this, other countries do not have to face problems. Along with this, it is very important to have clarity in the policy of Central Banks.

Took many decisions for relief from inflation

The Prime Minister told that India has taken several steps to control inflation. Despite the adverse circumstances, the inflation rate in India in 2022 has been lower by 2 percent as compared to the average inflation rate of the world. Despite this, we are continuously taking public interest decisions to ease the ease of living of the common people. He has cited the reduction in the prices of LPG cylinders for all consumers on Raksha Bandhan as a great example of this.

India is the fifth largest economy in the world

Prime Minister Modi said that India has become the fifth largest economy in the world, which is a very special thing for us. He said that the manner in which we achieved this achievement is very important. He said that it is a matter of good luck for us that people have trusted us. The Prime Minister said that foreign investment coming into India is breaking old records every year. India has broken the old record in terms of export of goods and services. The success of Make in India is being seen in different sectors. Startups are doing amazing. The pace at which the infrastructure is improving has never been seen, due to which employment opportunities are increasing for the youth.

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