In a remarkable announcement, Delhi’s Chief Minister, Arvind Kejriwal, has revealed that the capital city has achieved the lowest inflation rate in India, boasting a Consumer Price Index (CPI) of just 2.99%. This accomplishment not only highlights the success of the Delhi Government’s policies but also serves as an inspiring example for other states to emulate. The achievement reflects the commitment to provide free services, ensure economic stability, and prioritize the well-being of its residents.
Delhi’s Success in Controlling Inflation:
Delhi’s Chief Minister, Arvind Kejriwal, attributes the city’s achievement to the government’s unwavering commitment to providing free services, including electricity, water, and access to quality education and healthcare. By investing in these essential services, Delhi has successfully minimized the burden on its residents, resulting in a lower inflation rate. Moreover, continuous monitoring of essential commodity prices and timely market interventions by the government have played a crucial role in maintaining a low inflation rate, particularly during the challenging times of the Covid-19 pandemic.
A Comparison with Other States:
Drawing a comparison, Chief Minister Kejriwal highlighted that other states, such as Gujarat, Uttar Pradesh, and Madhya Pradesh, governed by the BJP, have considerably higher inflation rates, as high as 8%. Delhi’s success serves as a testament to the effectiveness of its governance and sets a benchmark for other states to strive towards achieving economic stability.