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Inflation To Be Within Target Range In FY22: Nirmala Sitharaman

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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.

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 percent, with a tolerance level of 2 percent on either side.

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.

Source: PTI

(The story has been published from a wire feed without modifications to the text. Only the heading has been changed)

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