India’s macroeconomic outlook continues to remain stable and resilient, according to Sanjay Malhotra, Governor of the Reserve Bank of India (RBI). Speaking amid global economic volatility, Malhotra emphasized that India’s medium-term fundamentals are healthy and well-positioned to sustain growth momentum.
He highlighted that strong domestic demand, improving investment activity, steady credit growth, and prudent fiscal management have helped the Indian economy navigate global headwinds, including geopolitical tensions, supply chain disruptions, and monetary tightening across major economies.
The RBI Governor underscored that inflation remains under close watch, with monetary policy calibrated to maintain price stability while supporting economic expansion. Structural reforms undertaken in recent years — including improvements in banking sector balance sheets, digital payment expansion, and enhanced regulatory oversight — have further strengthened the country’s financial ecosystem.
Malhotra also pointed to robust foreign exchange reserves, a stable banking system, and improved corporate balance sheets as key pillars supporting India’s macro stability. He reiterated that while short-term external risks persist, India’s medium-term growth story remains intact.
The RBI continues to maintain a data-driven and flexible approach to monetary policy, ensuring financial stability while fostering sustainable growth. According to Malhotra, India’s economic fundamentals provide confidence that the country can withstand external shocks and maintain its growth trajectory in the coming years.
