There Will Be A Balance Between Economic Growth Rate And Inflation In The Next Budget: Finance Minister

Amidst preparations for the upcoming budget, Finance Minister Nirmala Sitharaman said on Tuesday that the country's next budget will have to be prepared very carefully, which will help in keeping the pace of economic growth in check with high inflation. India is currently facing the twin challenges of slow growth and high inflation. He said that high energy prices are one of the biggest problems of the Indian economy in the near future.

The Finance Minister, who came to Washington DC to attend the annual meeting of the International Monetary Fund (IMF) and the World Bank, said in response to a question asked by eminent economist Ishwar Prasad at the Brookings Institute about the next year's budget, to be able to tell something specific about this. It will be too soon and it is difficult. But, broadly speaking, growth priorities will remain at the top.

Inflation concerns will also have to be dealt with. But, then the question will arise that how will you maintain the growth rate? Sitharaman said, now it remains to be seen how to strike a balance between the two. Along with this, it should be ensured that the momentum achieved by the Indian economy after recovering from the epidemic, Should be maintained for the next year also. Therefore, this budget will have to be prepared very carefully in such a way that the pace of economic growth can be maintained. Finance Minister Nirmala Sitharaman will present the Union Budget for 2023-24 on February 1, 2023.