Reserve Bank of India Governor Sanjay Malhotra Thursday, told a Parliament panel that the Indian economy was doing well despite global headwinds, a panel member said.
File Photo: IANS
Reserve Bank of India Governor Sanjay Malhotra Thursday, told a Parliament panel that the Indian economy was doing well despite global headwinds, a panel member said.
Malhotra, who appeared before the Parliamentary Standing Committee on Finance to brief members on the subject ‘RBI’s Evolving Role in India’s Dynamic Economy,’ emphasised that the Indian economy remains resilient despite global uncertainties.
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The RBI has made several key assertions about the state of the economy, claiming that India’s economy remains resilient despite global uncertainties, with strong macroeconomic fundamentals and prudent economic policies.
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The RBI projected a real GDP growth of 6.5 per cent for 2025-26, maintaining the same rate as estimated for 2024-25.
According to it, Inflation is expected to remain under control, with a projection of 4.0 per cent for 2025-26 and 3.7 per cent as revised in the latest forecast.
The Indian financial system is exhibiting resilience, fortified by healthy balance sheets of banks and non-banks, robust capital buffers, and strong earnings.
Credit growth has decelerated in certain sectors, but non-bank sources of credit and external commercial borrowing inflows remain healthy.
As regards its Monetary Policy, the RBI has shifted its stance from accommodative to neutral, indicating a balanced approach to future rate changes based on economic data.
Malhotra’s statement underscores the RBI’s confidence in the Indian economy’s ability to navigate global challenges and maintain its growth momentum.
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