Inflation, external debt remain within target despite global shocks: RBI Governor Malhotra
RBI Governor Sanjay Malhotra stated that India's inflation and external debt remain within target levels despite global shocks, backed by sound macroeconomic fundamentals and resilient financial markets. India's foreign exchange reserves stand at around $700 billion, reinforcing global investor confidence in the country's long-term growth prospects.
India remains one of the world's strongest growth stories, backed by sound macroeconomic fundamentals and resilient financial markets, according to RBI Governor Sanjay Malhotra. Speaking in New York, Malhotra highlighted India's robust policy framework and steady rise in financial markets, with foreign exchange reserves at around $700 billion. He noted that inflation and external debt remain within target levels despite global shocks. The RBI Governor also underscored India's expanding global economic engagement, including eight free trade agreements covering 37 countries. The Indian economy remains stable despite the West Asia conflict pushing up energy prices and input costs, although supply chain disruptions pose upside risks to inflation. India's strong fundamentals and forward-looking reforms continue to reinforce global investor confidence in the country's long-term growth prospects.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.