Inflation a concern; India heading for better times: PM

 

 Admitting government’s failure to contain inflation, Prime Minister Manmohan Singh on Friday said high prices have helped farmers and asserted the country was heading for better times.

“…we have also not been as successful in controlling persistent inflation as we would have wished. This is primarily because food inflation has increased. However, we should remember that our inclusive policies have put more money in the hands of the weaker sections”, Singh said while addressing a press conference, the third as Prime Minister.

The worry about inflation, he added, “is legitimate but we should also recognize that incomes for most people have increased faster than inflation.”