INDIA TO BE FASTEST GROWING ECONOMY THIS YEAR, NO CHANCE OF RECESSION: REPORT
Photo courtesy: Republic World
As several economies in the world face a risk of falling into recession, India will be the fastest growing economy this year as well as in the next despite headwinds from rising inflation number and a declining rupee, according to a PTI report.
Although the current account deficit (CAD) has alarm bells going off due to the expanding trade imbalance and diminishing foreign reserves as a result of rising import costs, the situation should stabilise shortly, top government sources told PTI on Thursday.
- 23 Aug 2022
- WerIndia
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