RBI Governor Shaktikanta Das | Photo: Bloomberg
Amid global uncertainties and shocks, the Indian economy is resilient with financial stability maintained with a well-capitalised banking sector, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Thursday.
“The international economic order stands challenged; financial markets are in turmoil due to monetary tightening in most parts of the world; food and energy supplies and prices are under strain; debt distress is staring at many emerging market and developing economies; and every economy is grappling with multiple challenges,” Das said in the Foreword to the Financial Stability Report of the RBI. “Amid such global shocks and challenges, the Indian economy
First Published: Dec 29 2022 | 7:58 PM IST