To improve the quality of its macroeconomic data, India needs to work on its price indices and measure its informal sector better, he said.
Asian stocks stumbled after the data, reversing gains made on the UK and European Union striking a long-awaited Brexit deal.
She assured international investors at an interaction session that the government was continuously working to bring reforms.
Our economy is like any other economy in the world... challenges have grown (in recent times), said Minister Piyush Goyal.
The price rise in the food basket was recorded at 5.11 per cent in September, as against 2.99 per cent in the preceding month.
The annual rate of inflation, based on monthly wholesale price index was at 5.22 per cent in September 2018.
Foreign investors pulled out a net amount of Rs 4,955.2 crore from the equities and Rs 1,261.9 from the debt segment.
Asia’s third-largest economy is currently growing at its slowest pace in 6 years, expanding by just 5 pc in the April-June quarter.
Govt is giving special impetus to develop gas infrastructure across the length and breadth of the country, said the Oil Minister.
Manufacturing sector contributes over 77 per cent to the IIP, showed a decline of 1.2 per cent in output during August 2019.