Interest rates need to be 'far more affordable': FM Nirmala Sitharaman

Finance minister Nirmala Sitharaman urged banks to lower lending rates to stimulate business investment and economic growth. She acknowledged concerns about high borrowing costs while emphasizing the need for more affordable credit. Sitharaman also addressed rising food prices and reassured the market that the government is actively managing supply chain issues to control inflation.

Interest rates need to be 'far more affordable': FM Nirmala Sitharaman

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Finance minister Nirmala Sitharaman urged banks to lower lending rates to stimulate business investment and economic growth. She acknowledged concerns about high borrowing costs while emphasizing the need for more affordable credit. Sitharaman also addressed rising food prices and reassured the market that the government is actively managing supply chain issues to control inflation.