No question of recession or stagflation in India, says FM Sitharaman

FM says govt making efforts to bring inflation below 7%

India is nowhere near a recession or stagflation and the government is making all efforts to bring down retail inflation below 7 per cent, Finance Minister Nirmala Sitharaman said on Monday.

Replying to a debate on price rise in the Lok Sabha on the demand of opposition parties, Sitharaman said the government has taken several measures to make raw material prices cheaper and reduce inflation of food items.

“There is no question of India getting into recession or stagflation even though the US may have entered into an unofficial recession. Even as international agencies like the World Bank and the International Monetary