India Well-Prepared to Face Global Economic Shocks, Says RBI Governor Sanjay Malhotra
Reserve Bank of India Governor Sanjay Malhotra has expressed confidence in India's ability to navigate the current phase of global economic uncertainty, stating that the country is entering this challenging period with significantly stronger economic fundamentals than in previous episodes of global turbulence.
Addressing concerns over rising global volatility, trade disruptions, and cautious business sentiment, Malhotra emphasized that India remains well-equipped to absorb external shocks while minimizing their impact on growth and stability.
"Indian economy entered this current episode of global turbulence with much better fundamentals than in previous similar episodes. We remain confident to withstand these shocks with minimum pain," the RBI Governor said.
He noted that the global economy has recently been shaped by heightened uncertainty, disruptions to key trade routes and supply chains, increased market volatility, and cautious business sentiment.
Despite these challenges, India's macroeconomic indicators, financial stability, and policy framework provide a strong foundation for resilience.
The RBI's assessment comes at a time when economies across the world are grappling with geopolitical tensions, fluctuating commodity prices, and evolving trade dynamics. India's robust growth outlook and prudent policy measures are expected to help the country weather external headwinds more effectively than in the past.
