<h1>Finance Minister Discusses Inflation Challenges; Aims to Reduce Rates to 6-7% by March with Strategic Measures.</h1> The Union Finance Minister addressed the Lok Sabha regarding India's inflation, noting a steady improvement but highlighting ongoing challenges. Inflation rates have remained high, with headline inflation at 9.7% in October 2011. Food inflation has fluctuated, with certain items like fruits and vegetables contributing significantly. Global factors, such as increased liquidity in developed countries and high commodity prices, have impacted domestic inflation. The government has implemented fiscal and administrative measures to manage inflation, including reducing import duties and regulating exports. The focus is on improving agricultural productivity, strengthening supply chains, and enhancing manufacturing capacity to address demand-supply imbalances. The government aims to reduce inflation to 6-7% by March.