New Delhi: The “fortress” of the global economy has collapsed. Old rules no longer hold. Global supply chains have weakened. Many countries have had to rethink their external dependencies. India faced similar challenges but has managed to navigate them successfully. Shaktikanta Das, former Reserve Bank of India (RBI) governor and principal secretary to the prime minister, highlighted the reasons behind India’s resilience.

Speaking at the convocation ceremony of the Gokhale Institute of Politics and Economics in Pune, he said India is ready to contribute nearly a fifth of global GDP growth. He credited strong domestic demand and thoughtful economic policies for the country’s ability to withstand external shocks.

Das emphasised that India’s priority in free trade agreements with countries

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