 "Modi")
Prime Minister Narendra Modi on Tuesday said that the fiscal situation in India is firmly under control and the government is committed to fiscal consolidation.
Country's external sector is robust with foreign exchange reserves in excess of over $400 billion, providing stability and confidence to invest in the country, Modi said while addressing the opening ceremony of the Third Annual Meeting of Asia Infrastructure Investment Bank in Mumbai.
The macro-economic fundamentals are strong with stable prices, a robust external sector and a fiscal situation firmly in control. Despite rising oil prices, inflation is within the mandated range.
Retail inflation, measured by Consumer Price
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