Reserve Bank Governor Sanjay Malhotra stated that India’s macroeconomic fundamentals have remained very strong, and the country has become an anchor of stability in a volatile world.

Malhotra, while addressing at Kautilya Economic Conclave on Friday, said that India’s strong fundamentals have been supportive in maintaining low inflation , good foreign exchange reserves, a narrow current account deficit, and the very strong balance sheets of our banks and corporates.

Key driv ers

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 volat

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