India News | Inflation to Be Within Target Range in FY22: FM

New Delhi, Aug 16 (PTI) Finance Minister Nirmala Sitharaman on Monday said that she expects inflation to remain in the prescribed range during the current fiscal.

The RBI has been mandated to keep inflation at 4 per cent, with tolerance level of 2 per cent on either side.

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She expressed confidence that the revenue would be buoyant in the coming months. Both Goods and Services Tax (GST) and direct taxes have improved in the past few months, the minister said.

On the demand pick up, she said there is enough liquidity in the market and credit growth is expected to pick up in the coming festive season.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)