RBI outlook to Parliament panel: Governor Sanjay Malhotra says economy strong; Rs 2,000 notes still legal

The RBI's (Reserve Bank of India) outlook to a Parliament panel, delivered by Malhotra, states the economy is strong, and ₹2,000 notes are still legal but "out of circulation." This comprehensive update provides clarity on India's economic health and currency management. The assertion of a strong economy reflects confidence in macroeconomic indicators. The statement on ₹2,000 notes confirms their legal tender status while indicating a successful demonetization process, effectively removing them from active circulation without formal invalidation, ensuring a smooth transition in currency.