International Monetary Fund today described India's high economic growth amazing but warned that a higher growth has the potential to fuel inflation and widen current account deficit. Addressing a press conference in New Delhi, this evening, the IMF chief Dominique Strauss-Kahn, however, said that it is natural for a economy growing at this pace to have some inflationary pressure which India is managing well. He said that the next big challenge for India is to consolidate the fiscal deficit and create a fiscal buffer. This can help in meeting any unforeseen situation. He added India is growing at a pace forecast by IMF and that gives IMF the confidence that India would have more influence on global economy in the days to come. He, however, cautioned that India needed a lot to do in terms of infrastructure development and fight against inequality. To a question on whether double dip recession can take place he said IMF does not forecast for the global economy but its possibility in Europe can not be ruled out completely.