RBI's Strategic Moves to Boost Economic Growth Amid Global Trade Uncertainties
Reserve Bank Governor Sanjay Malhotra outlines the central bank's strategies to stimulate economic growth amid global trade challenges. He highlights measures beyond monetary policy, including regulatory adjustments and international trade negotiations. India's foreign exchange reserves and recent trade pacts are also discussed.
- Country:
- India
Amid ongoing global trade uncertainties, Reserve Bank Governor Sanjay Malhotra affirmed on Wednesday that the central bank is committed to bolstering economic growth through necessary interventions.
Malhotra expressed optimism about ongoing trade negotiations, expecting amicable resolutions. The RBI has implemented various measures supporting growth via monetary and regulatory pathways. Additionally, efforts to ease business operations under the Foreign Exchange Management Act are underway.
India's recent trade agreements with the UK, UAE, and Australia reflect proactive international engagement. Malhotra noted India's robust foreign exchange reserves, sufficient for 11 months of imports, and expressed confidence in maintaining economic stability while ensuring a balanced approach to price stability and growth.
(With inputs from agencies.)
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