India is on cusp of major economic recovery: Rajiv Kumar

Niti Aayog Vice-Chairman Rajiv Kumar has said that India is on the cusp of a major economic recovery as a strong economic foundation is being laid with the reforms carried out by the government over the last seven years.

He told a news agency that it was quite clear from all accounts that India will remain the fastest-growing economy in the world



notwithstanding economic uncertainties triggered by the Russia-Ukraine war.

On rising inflation, Niti Aayog Vice-Chairman said that RBI is keeping a close watch as per its mandate.

Regarding high petrol and diesel prices, Mr Kumar said that given the global situation, fuel prices are rising across the world.