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Government has taken series of strict measures to tame inflation: Commerce and Industry Minister
May-25-2022

Urging industry to bring scale into all economic activities, Union Minister for Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Piyush Goyal has said that India has taken a series of strict measures to tame inflation, keep interest rates in check and rein-in rupee depreciation so that growth and prosperity are not affected.

Expressing concern over the excessive dependence on international supply chains, Goyal urged businesses to procure locally wherever there is an opportunity. He asked businesses to support each other and help fortify domestic supply chains. The Minister said that the National Master Plan would help improve infrastructure planning and ensure implementation of projects within time and budget, stressing upon government’s bid to bring down logistics cost through measures such as PM GatiShakti.

Further, the Minister remarked that the government was on a mission to rewrite the script of a New India that is ready to play the leading role in global trade and asked investors to come invest in India, in its ideas, talent and limitless potential. The Minister also said that India is the future.

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