The Modi government has assured the middle class that it is committed to addressing their concerns in the face of rising inflation.
The Finance Minister, Nirmala Sitharaman, emphasized the importance of public input in shaping government policies in response to a request for relief measures on social media.
India is currently facing significant economic challenges, with retail inflation reaching a 14-month high of 6.21% in October 2024, exceeding the Reserve Bank of India's upper tolerance limit.
Food inflation has also increased, reaching 10.87% compared to 9.24% in September.
On the other hand, industrial production showed modest growth of 3.1% in September 2024.
The Reserve Bank of India has chosen to keep its lending rate unchanged, highlighting the ongoing difficulties in balancing economic pressures with public expectations for financial relief.