Well placed to handle global shocks, says RBI governor Shaktikanta Das

RBI Governor Shaktikanta Das stated that India’s economy is well-prepared to handle global financial shocks, thanks to its strong macroeconomic fundamentals and policy measures. Speaking at an event, Das highlighted key factors such as robust GDP growth, controlled inflation, and healthy forex reserves as indicators of resilience. The central bank has also implemented various steps to strengthen the financial system, including proactive regulation of banks and systemic risk management. Despite global challenges like geopolitical tensions and economic slowdown, Das expressed confidence in India’s ability to navigate uncertainties. The statement underscores the RBI’s role in maintaining economic stability and boosting investor confidence in India’s financial markets.