India’s central bank has affirmed that the country continues to be a significant contributor to global economic growth, with domestic inflation aligning with its target. The growth momentum of the country is described as “buoyed by strong domestic growth drivers, sound macroeconomic fundamentals, and prudent policies,” according to Reserve Bank of India Governor Sanjay Malhotra in the central bank’s bi-annual Financial Stability Report released on Monday.
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India Remains Key Driver of Global Growth, RBI’s Malhotra Says
India’s central bank said the country remains a key driver of global economic growth as domestic inflation continues to align with its target.
The country’s growth momentum is “buoyed by strong domestic growth drivers, sound macroeconomic fundamentals and prudent policies,” Reserve Bank of India Governor Sanjay Malhotra said in the central bank’s bi-annual Financial Stability Report released on Monday.