India Emerges as Economic Anchor of Stability, Says RBI Governor

India is an economic powerhouse that has maintained global attention due to its resilience to global uncertainties and market volatility. In a speech to the Kautilya Economic Conclave on Friday, Governor of the Reserve Bank of India, Sanjay Malhotra, pointed out that macroeconomic fundamentals in India have been very strong, which places the country as a source of stability in a very turbulent global economy.

Malhotra highlighted that the strong economic structure in India has played a pivotal role in keeping inflation rates at very low levels, healthy foreign exchange position, small current account deficit, and strong balance sheets of banks and corporations. He has pointed out that these pillars have kept India on track relative to its path of growth despite the external factors like global inflationary pressures and sluggish trade.

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Governor Malhotra said, “It is the combined efforts of the government’s policy makers, regulators, and regulated entities. All in all, despite recent odds, the economy seems well settled into an equilibrium of resilient growth. This is quite a feat…makes India stand out as an anchor of stability in a volatile world.”

This resilience is seen by economists and industry players as a good indicator to global investors, which indicates that they are confident in the monetary policy as well as financial discipline of India. The domestic economy has been steadily growing in pace and with the Reserve Bank focusing on stability, resilience, and equilibrium, India is among the few emerging economies that promise strength and longevity.