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Financial stability necessary to boost economic growth: RBI Guv
Millennium Post Kolkata
|Kolkata 01 July 2025
GLOBAL ECONOMIC SHIFTS MAKE POLICY INTERVENTIONS CHALLENGING
MUMBAI: RBI Governor Sanjay Malhotra on Monday said financial stability, like price stability, is a necessary condition for boosting economic growth even as he flagged that structural shifts in the global economy are making policy interventions challenging.
"Financial sector regulators remain committed to protecting customers, promoting competition and fostering innovation as they strike the right balance between improving efficiency and growth, and safety and soundness," he said in the foreword to the Financial Stability Report (FSR) for June.
According to the governor, there are many structural shifts that are reshaping the global economy, including growing fragmentation in trade, rapid technological disruption, ongoing climate change and protracted geopolitical hostilities.
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