India Inc said supply-side constraints should be addressed along implementation of Budgetary proposals
Picture for representational purpose
New Delhi: Even as inflation showed a decline, India Inc on Thursday said supply-side constraints should be addressed along with implementation of Budgetary proposals to check food prices.
“Inflation continues to be a concern as prices of food articles are still elevated. Amidst the current situation, it is amply clear that RBI will maintain a watchful stance going ahead,” Ficci president Sidharth Birla said.
“However, we hope that focus will be given on the implementation of measures announced to tame food prices. Also, it needs to be assured that the industrial growth is not stifled and recent momentum seen in IIP is kept pace with,” he added. CII director Chandrajit Banerjee said, “It is anti-cipated that food inflation would come down in the coming months as monsoons have started picking up pace.”
( Source : PTI )
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