Why Are Food Prices Rising? Centre Answers In Key Document Before Budget

Headline inflation, which the RBI expects at 4.5% in FY25 and 4.1% the following year, is "under control", said Nirmala Sitharaman.

The central government's timely interventions and stability measures by the Reserve Bank of India (RBI) helped maintain retail inflation at 5.4% despite the pandemic and geopolitical tensions, according to the Economic Survey 2024.

Headline inflation, which the RBI expects at 4.5% in FY25 and 4.1% the following year, is "under control", said Finance Minister Nirmala Sitharaman. The inflation rate of some food items, however, is elevated, the government admitted.

Economic Survey 2024, which gives an insight into the current state of the economy, was tabled by the Finance Minister in the Parliament this morning, a day before presenting her seventh Budget.