RBI has huge responsibility to ensure growth: Governor

Central bank to ensure growth to continue, says Malhotra after assuming charge

- Sachin Kumar

NEWLY-APPOINTED RESERVE BANK of India (RBI) governor Sanjay Malhotra on Wednesday said growth, stability and trust are the three pillars of the economy and that the central bank has a huge responsibility in ensuring India's growth continues to help realise the vision of 'Viksit Bharat' by 2047.

In his first address after assuming office as the 26th governor of the RBI, Malhotra underscored the importance of adaptability and staying vigilant amid the prevailing global economic and political challenges while ensuring policy continuity.

"Ours is still an economy which needs to develop as we are entering Amrit Kaal to realise the vision of 'Viksit Bharat' by 2047," said Malhotra.