RBI Governor Shaktikanta Das stated that the Indian economy and financial sector are in a strong position. India’s external sector is robust, and the current account deficit remains manageable. Das highlighted India’s significant foreign exchange reserves. He acknowledged the presence of inflation but expressed confidence in its moderation.
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While predicting the first two is difficult, India’s economic fundamentals should improve as fiscal spending ramps up and liquidity eases, thereby supporting credit growth and
December 26, 2024