Govt's targeted steps minimised impact of inflation-led prices on poor: FM

Quotes UNDP report on cost of living crisis in developing countries, says inflation, supply chain disruptions, Ukraine war will push zero per cent of India's population below poverty line

Constant support by the government through food and cash transfers during the Covid-19 pandemic has helped in having a negligible impact of inflation-led price hike on the poor and marginalised, Finance Minister Nirmala Sitharaman said.

Quoting the United Nations Development Programme’s report on the cost of living crisis in developing countries, Sitharaman said inflation, supply chain disruptions, the Ukraine war will push zero per cent of India’s population below the poverty line.

The report by UNDP states that impact of inflation on India’s poor will be negligible as targeted transfers have helped the poor in coping with price spikes.

“Well-tailored programmes to ensure