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