India to be fastest growing economy in the world this year: Govt source
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India
oi-Madhuri Adnal
New
Delhi,
Aug
11:
Rising
inflation
rates
notwithstanding,
India
will
be
the
fastest
growing
economy
in
the
world
this
year,
a
top
government
source
said
on
Thursday.
The
government,
the
source
said,
is
taking
continuous
steps
and
engaging
with
the
RBI
to
bring
down
inflation.
While
inflation
continues
to
be
above
the
comfort
zone,
the
economy
has
continued
on
its
recovery
path,
supported
by
pent-up
demand
for
services
and
higher
industrial
output.
18
key
takeaways
from
the
RBI
Monetary
Policy
The
government,
the
source
said,
is
taking
continuous
steps
and
engaging
with
the
RBI
to
bring
down
inflation.
Inflation
has
stayed
above
the
upper
tolerance
limit
of
6
per
cent
for
six
straight
months.
There
is
no
chance
of
growth
slowing
and
India
will
be
the
fastest
growing
economy
this
year
and
the
next,
the
source
added.
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Story first published: Thursday, August 11, 2022, 19:58 [IST]
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