India is better able to control inflation, according to the finance minister

Nirmala Sitharaman, India’s finance minister, voiced confidence in the country’s ability to manage inflation on Thursday, saying that the country had a “very good framework” in place to deal with supply-side pressures on fertilizer prices. Since January, the Consumer Price Index-based measure of retail inflation has consistently risen above 6%.

According to him, there are also signs from the RBI that inflation is trending downward and will drop to a manageable level by the start or middle of the following year.