Shaktikanta Das

India has consistently shown remarkable resilience during global crises, not only surviving them but also transforming through the turbulence to emerge stronger, said Shaktikanta Das, Principal Secretary to the Prime Minister, on Thursday. Addressing the AIMA National Leadership Conclave here, Das said, "Through each crisis, India has not merely survived. It has in fact emerged remarkably and measurably stronger". He noted that the global economy continues to face an "unsettled and charged environment" marked by geopolitical fragmentation, supply chain disruptions and uneven growth, with risks "decisively skewed to the downside". Against this backdrop, the former RBI governor highlighted India's strong economic performance, stating that real GDP growth stood at 7.6 per cent in FY26, with an average growth of 7.8 per cent over the past five years. "India's resilience does not alone explain the full story. India did not just endure the period of turbulence. It transformed through it,

Das highlighted that India is now witnessing a rapid transformation fuelled by the so-called 'triple threat' of progress: innovation, disruption and the birth of entirely new business models

India's fiscal discipline and multiple structural strengths are creating a powerful growth multiplier, restoring policy headroom and boosting global confidence, says Shaktikanta Das

India's economy remains resilient despite geopolitical headwinds and trade barriers, with real gross domestic product projected to grow 7.4 per cent in FY26, the principal secretary to the PM said

While the liberalisation led to higher economic growth, it didn't leave the subsequent governors without any challenges

Rating agency says this would be in wake of sharp moderation in incremental LDR in February

Das' economic experience will help India at a time when the government and central bank are working in tandem to aid the economy's recovery while trying to manage geopolitical challenges

The appointment will be co-terminus with the term of the Prime Minister or until further orders, whichever is earlier, according to the appointment committee of the cabinet

Former RBI Governor Shaktikanta Das has been appointed as Principal Secretary-2 to Prime Minister Narendra Modi. His tenure will be co-terminus with the prime minister's term or until further orders

This will be the first MPC meeting since Governor Malhotra took office in December 2024, following the end of Shaktikanta Das's tenure

"There are significant upside risks to inflation from geopolitical conflicts, geoeconomic fragmentation, climate-related concerns, and commodity prices going up"

RBI's focus on customer, compliance and collaboration will continue in 2025. It will have new initiatives balancing innovation and prudence

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The central board of directors of the RBI reviewed the global and domestic economic situation and outlook and discussed the activities of select central office departments

Policy priority should be on restoring the inflation-growth balance, said Shaktikanta Das, former Reserve Bank governor, while voting for a status quo on the short-term lending rate earlier this month. Das, and three other members of the rate-setting panel -- Monetary Policy Committee -- voted in favour of keeping the repo rate at 6.25 per cent, while the other two members favoured reduction in the rate. In its December bi-monthly monetary policy, the Reserve Bank of India (RBI) kept repo rate unchanged but cut the cash reserve ratio that banks are required to park with the central bank, as it did a balancing act between inflation management and supporting economic growth. With India's GDP seeing a sharper-than-anticipated dip in the July-September period to 5.4 per cent -- its slowest pace in seven quarters -- inflation on the uptick and rupee under pressure, the RBI had few choices to make. "The policy priority at this critical juncture has to be on restoring the inflation growth

They also support a rate cut to avoid the risk of sharp currency appreciation if India does not normalise interest rates when most other global central banks have already embarked on an easing cycle

The number of digital financial frauds rose more than four times in FY24 year-on-year to comprise 80 per cent of all financial frauds

The Reserve Bank of India (RBI) received a bomb threat email in Russian, targeting Governor Sanjay Malhotra's official ID; Mumbai Police have launched an investigation

Outgoing RBI Governor Shaktikanta Das hoped that there would be a nationwide roll-out of Unified Lending Interface

RBI Governor Shaktikanta Das, who will demit office later today, thanked Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman for their guidance and encouragement