India Anchor of Stability in Volatile World: RBI Governor | Current Affairs | Vision IAS

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India Anchor of Stability in Volatile World: RBI Governor

1 min read

India's Economic Stability

India is recognized as an "anchor of stability in a volatile world" according to RBI Governor Sanjay Malhotra. The nation exhibits resilient growth and robust macroeconomic fundamentals.

Key Economic Indicators

  • Strong forex reserves
  • Low inflation since February
  • Narrow current account deficit
  • Credible fiscal consolidation path
  • Improved bank and corporate balance sheets

Factors Contributing to Stability

  • Steadfast attention to ensuring: 
    • Macroeconomic stability
    • Price stability
    • Financial stability
    • Policy stability
  • Continuity in reform momentum and adoption of global best frameworks

Global Economic Concerns

  • Potential correction in global stock markets, especially in technology stocks
  • Impact of US tariffs and large public debt on the global economy
  • Gold prices acting as a barometer of global uncertainties

Monetary Policy

  • Current repo rate: 5.5%, with a neutral monetary policy stance
  • India's unique policy framework: 
    • Central bank independence with accountability
    • Government sets inflation targets in consultation with the RBI
    • Interest rates set by a panel comprising external and internal RBI members
  • Tags :
  • Monetary Policy
  • India's Economic Stability
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