In an interview with Bloomberg television, Finance Minister Nirmala Sitharaman said India’s economy ‘looked sound’ and expressed confidence that rising inflation will be contained.

“We’re looking quite sound,” Sitharaman remarked in an interview with David Westin on “Balance of Power.” “The healing appears to be long-term.”

Even before the epidemic, India’s economy had begun to slow, owing to a crisis in its shadow banking sector. The shock of Covid-19 caused the economy to decline at its fastest rate in history, with restrictions sapping demand in the consumption-driven sector.