Mumbai, Aug 25
Reserve Bank of India (RBI) Governor, Sanjay Malhotra, on Monday emphasised the crucial role of monetary policy in maintaining stability and supporting growth as India is poised to become the third-largest economy amid the challenges posed by the global economic slowdown and geopolitical tensions.
Addressing the FIBAC 2025 annual conference organised by business chamber FICCI and Indian Banks Association, the RBI Governor underlined that amid the slowing down of advanced economies and supply chain disruptions, it was important to seize new opportunities that may arise.
“We are now at a critical juncture as we navigate a choppy global environment characterised by heightened trade uncertainty and persisting geopolitical tensions. We need to push the frontiers of growth. We must step up our efforts to address the emerging challenges, and at the same time, seize the opportunities that are coming our way,” the RBI Governor remarked.
He highlighted that the world economy is facing a challenging phase marked by persistent trade frictions, heightened uncertainty and geopolitical tensions.