Maintaining economic and financial stability at all times is a necessary condition for sustained economic development. However, this is not easy to achieve, particularly for developing economies. There have been several episodes of economic crises in developing economies over the past few decades. India was also exposed to a balance-of-payments crisis in 1991. However, over time, things have changed, and a significant number of developing economies have adjusted their policy frameworks to enhance economic resilience. Reserve Bank of India (RBI) Deputy Governor Poonam Gupta on Wednesday, at the Business Standard BFSI Insight Summit, spoke about the evolution of
Thursday, October 30, 2025 | 10:58 PM ISTहिंदी में पढें
India must build on macroeconomic stability, use trade as growth engine
This mix of policy choices made over the years has enabled a stable macroeconomic environment
 "Return ratios for foreign private sector companies were last this high during the boom years of 2006-07 (FY07). The return on capital employed (RoCE) stood at 13.21 per cent for 2023-24 (FY24), according to data from the Centre for Monitoring India")
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As things stabilised, the RBI rebuilt its reserves. Currently, at over $700 billion, foreign-exchange reserves provide enormous strength to economic stability. (Illustration: Binay Sinha)
