India: A Pillar of Economic Stability Amid Global Volatility

India's macro-economic fundamentals continue to exhibit remarkable strength, emerging as a beacon of stability in an unpredictable global landscape, declared Reserve Bank Governor Sanjay Malhotra during the Kautilya Economic Conclave 2025.

Malhotra credited the robust state of the nation's economy to factors such as low inflation, healthy foreign exchange reserves, a narrow current account deficit, and the strong balance sheets of banks and corporations. These elements, he noted, result from the concerted efforts of government policymakers, regulators, and regulated entities.

Despite encountering certain challenges, the Indian economy appears to have settled into a state of resilient growth, marking significant progress. Malhotra highlighted that these achievements set India apart, establishing it as a reliable anchor of stability amidst global volatility.

(With inputs from agencies.)