Nirmala Sitharaman, India’s finance minister, voiced confidence in the country’s ability to manage inflation on Thursday, saying that the country had a “very good framework” in place to deal with supply-side pressures on fertilizer prices. Since January, the Consumer Price Index-based measure of retail inflation has consistently risen above 6%.
According to him, there are also signs from the RBI that inflation is trending downward and will drop to a manageable level by the start or middle of the following year.