India: An Anchor of Stability in a Volatile World
Reserve Bank Governor Sanjay Malhotra highlights India's strong macro-economic fundamentals, positioning the country as a beacon of stability globally. Low inflation, robust foreign exchange reserves, and strong bank balance sheets contribute to this stability, with revised growth and inflation projections reflecting positive economic indicators.
- Country:
- India
India's macro-economic resilience continues to shine, as Reserve Bank Governor Sanjay Malhotra heralded it as an anchor of stability in a turbulent global environment. Speaking at the Kautilya Economic Conclave 2025, Malhotra credited the country's low inflation, substantial foreign exchange reserves, and robust bank balance sheets for bolstering this steadfast position.
His comments came as the Reserve Bank revised its growth estimates for the fiscal year to 6.8% and lowered the inflation projection to 2.6%, thanks to an above-average monsoon and GST rate cuts. In August, projections indicated a 6.5% GDP growth for 2025-26 and a 3.1% inflation rate.
Malhotra emphasized that India's strong fundamentals are due to consistent efforts by policy makers and regulators, maintaining stability across microeconomic, price, and financial fronts despite governmental shifts. India's forex reserves, which stood at USD 700.236 billion in late September, and favorable inflation outcomes further underscore this narrative.
(With inputs from agencies.)
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