Indian Financial System Resilient, Economy Navigated West Asia Crisis: RBI Governor
Times of India · business
RBI governor Sanjay Malhotra stated on Saturday that India's financial system has remained resilient and the economy has successfully navigated the West Asia crisis. He emphasized the need for continued vigilance, warning that current resilience does not guarantee future immunity from emerging vulnerabilities. Malhotra noted that while the financial system absorbed supply shocks, global challenges like inflation and financial system vulnerabilities persist. He highlighted strong macroeconomic fundamentals and a resilient financial system as key strengths, with further measures being taken to enhance shock absorption.