Despite global economic uncertainty, India recorded 7.8% growth in Q1 FY26-27. The IMF subsequently raised its full-year growth forecast to 7% from 6.4%
India's banking sector has strengthened considerably, with gross non-performing assets falling to a multi-decade low of 1.8% of gross advances in March
With healthier corporate and bank balance sheets, the BFSI sector must support large infrastructure projects and new-age manufacturing to drive investment and job creation
Expanding pension and insurance sectors can unlock long-term funds for major projects, while India's robust equity markets can provide businesses with essential risk capital
A dynamic economy requires a financial sector capable of financing small businesses and large projects while providing insurance solutions and managing foreign-exchange risks
Global uncertainty underscores the need to boost domestic savings. Yet foreign capital remains vital, making it essential to address concerns raised by international investors