FM, RBI guv see India as global anchor amid turmoil

Meanwhile, the RBI governor underlined that the Indian economy seems well settled into an “equilibrium of resilient growth’, and credited policymakers and regulators for building strong fundamentals over decades.

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“You cannot control the storm, but you can certainly steer the ship,” Malhotra said, pointing to calibrated monetary easing during the pandemic, timely liquidity support with exit strategies, and a rapid tightening cycle once inflation breached tolerance levels.

Asof late September, India’s foreign exchange reserves stood at $700.2 billion, covering over Il months of imports, while consumer price inflation remained low at 2.07% in August, comfortably within the RBI's 2-6% band.

While acknowledging risks from high tariffs, swelling debt, and geopolitical conflicts, he argued that policy continuity, institutional resilience, and reform momentum have kept India among the fastest-growing large economies.

“This is quite a feat for a large market and makes India stand out as an anchor of stability in a volatile world,” he added.