Finance minister Nirmala Sitharaman on Monday said India's economy is much better than most countries, adding that India is still the fastest growing economy, reports Hindustan Times.

• Did not let inflation cross 7%, says the minister, reports ndtv.com

No question of India getting into stagflation or recession, says the finance minister.

“Global agencies have ranked India's economy high,” the minister said in a reply to the debate over price rise in the Lok Sabha.

“Without undermining some of the points that many members have said, I find that it was more a discussion on political angles of price rise rather than actually data-driven concerns about price. So, I too will try to reply a little politically,” the minister said.

Congress, DMK members walk out of Lok Sabha

Members of Congress and DMK on Monday walked out of Lok Sabha, expressing dissatisfaction over the reply of Finance Minister Nirmala Sitharaman to a debate on price rise.

In the middle of Sitharaman's reply, Congress members walked out of the House. After a few minutes, DMK members also walked out as a mark of protest.

Later talking to reporters outside the Parliament House, Congress member Manish Tewari, who initiated the debate, said that as per the government, "no inflation exists like no one killed Jessica. Everything is hunky-dory, that is your (government) response to the concerns raised by the Opposition".

He also said the minister's response was arrogant.