Concerns over runaway inflation and CAD seem to have tapered off

India poised to be world's fastest growing economy this year

With commodity prices easing due to fears of recession in advanced economies, the concerns regarding runaway inflation and current account deficit (CAD) have abated in India, a top policymaker said on Thursday.

“At any point in time, different aspects of the economy have to be monitored, and we are closely monitoring inflation and current account deficit. Steps have been taken to bring down prices of essential items, which are showing results,” the official told reporters at a media briefing.

“Prices of crude oil and fertilisers are coming down. These are two of the biggest items when it comes to imports.