Industry should strategically realign, support MSMEs: FM

Inflation a global challenge, says Sitharaman

- FE BUREAU

CORPORATE INDIA SHOULD work with small and medium enterprises (MSMEs) to explore how they can support large units while contributing equally to job creation, finance minister Nirmala Sitharaman said on Wednesday, while outlining the priorities of the economy for the next decade.

While retail inflation in India rose to a 14-month high of 6.21% in October, she said inflation is now a major global challenge, which no country could tackle in isolation.

"The global priority for this decade should be to restore normalcy. They are the main cause for disruptions in supply chain, inflation and other global challenges," the minister said.