FM Nirmala Sitharaman inaugurates conference of Indian Council for Research on International Economic Relation.

September 9, 2022

Finance Minister Nirmala Sitharaman said that bringing inflation down cannot be the sole responsibility of the Centre.
She stressed states also play a critical role in management of prices.
Inaugurating a conference of Indian Council for Research on International Economic Relation in New Delhi, Ms Sithraman said, during covid pandemic, immediately, handling inflation has become only a subset of handling the economy.
She said, looking at the context about inflation particularly since 2020, there are so many different factors.
She said, India’s entire import had two per cent of Russian component and it was ramped up to 12 to 13 per cent within a couple of months.
The Minister said, there are sanctions but countries are finding their own way to get that Russian crude, gas.

About Indian Council for Research on International Economic Relation (ICRIER)

Established in August 1981, ICRIER is a policy-oriented, not-for-profit, economic policy think tank. ICRIER’s main focus is to enhance the knowledge content of policy making by undertaking analytical research that is targeted at informing India’s policy makers and also at improving the interface with the global economy.
ICRIER has two office locations in Delhi.
ICRIER’s Board of Governors include leading academicians, policymakers, and representatives from the private sector.
Pramod Bhasin is ICRIER’s chairperson and Dr. Deepak Mishra is Director & Chief Executive.

ICRIER conducts thematic research in the following five thrust areas: