Economic stability anchors development. Despite global turbulence, India has avoided crises since 1991 through steady, prudent policymaking
The balance-of-payments crisis was a turning point. Since then, flexible and transparent policies have made India’s economy more resilient and adaptable
A flexible exchange rate with RBI’s measured interventions has curbed volatility. With $700 billion in reserves, India’s external stability remains strong
The 2016 shift to inflation targeting brought credibility and transparency, stabilising prices and reinforcing confidence in monetary policy
After pandemic shocks, fiscal prudence is back. The deficit target of 4.4% of GDP this year signals India’s steady path to macro stability
With strong balance sheets and stable foundations, India must now deepen reforms and expand trade to sustain long-term, inclusive growth