"India Is Doing Very Well," Minister Anurag Thakur On Controlling Inflation

Mr Thakur added that despite an increase in the MSPs and a rise in government procurement, the government managed to keep the inflation under control.

Union Minister Anurag Thakur on Wednesday said that India, in comparison to other countries, has done well when it comes to managing inflation.  "Compared to the rest of the world, India is doing well in terms of managing food inflation": Union Minister Anurag Thakur (@ianuragthakur) pic.twitter.com/3PfOxAg58j Our farmers left no stone unturned even during COVID, compared to 2014 govt procurement is more than double. We procured more&farmers' income was higher. This Govt has done it all. Production rose, MSPs hiked but compared globally,inflation kept under control: Anurag Thakur (2/2) pic.twitter.com/JmFsqwlkNG

Speaking at a media briefing announcing a hike in the minimum support price (MSP) of several crops, Mr Thakur said, "If you compare it to the rest of the world, inflation is high in countries where there was no inflation for 30-40 years. Compared to them, India is doing very well. The world has acknowledged it."

He claimed that the government's procuring of crops had doubled since 2014. Mr Thakur added that despite an increase in the MSPs and a rise in government procurement, the government managed to keep the inflation under control.