New Delhi, May 31 (PTI) Chief Economic Adviser V Anantha Nageswaran on Tuesday ruled out the risk of stagflation for India, saying the economy is better placed than other nations.

Stagflation is the phase when an economy faces moderation in GDP growth as well as high inflation.

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"Stagflationary risk to India quite low compared to other countries," he said.

He further said India is better placed than many other nations as the financial sector of the country is in better shape to support growth.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)