New Delhi: Government authorities have informed that the nation will soon become the fastest growing economy. The higher officials in the government sector clarified that even though the inflation rate is high, the growth rate of the nation would also be higher this year.
While inflation remains above the comfort zone, demand for services and higher industrial production are positive signs. The economy continues on its recovery path.
They also said that the government is continuously trying to curb inflation and is clubbing with the RBI. Inflation has risen for six consecutive months and is close to the tolerance limit of 6 percent.
The expenses on debts are being observed by the government. Crypto currency needs to be closely evaluated and the recent WazirX episode exposed many dark sides of crypto transactions, added the authority.