Succeeded in bringing down inflation: Modi

New Delhi, Aug 15 (IANS) Prime Minister Narendra Modi on Saturday said his government has succeeded in bringing down inflation, and argued that there was a need to restructure agricultural practices.

“We have succeeded in bringing it (the inflation) down from double digits to three to four percent despite the fact that rainfall was low and agriculture suffered,” Modi said in his Independence Day address from the ramparts of Red Fort.

He said there was a need for reform in agriculture.

“We need change in agriculture. Agricultural land is shrinking, farmers need electricity, water. We have approved Rs.50,000 crore under the Pradhan Mantri Krishi SInchai Yojana,” he said.

The prime minister said the new motto should be “Save Water, Save Fertiliser”, and “Per Drop More Crop”.

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