RBI to act early to prevent any risk to India's fastest growth potential: Guv Shaktikanta Das
The HinduReserve Bank Governor Shaktikanta Das on Thursday said India is one of the fastest growing major economies in the world with a rising potential growth profile, and stressed that the central bank remains committed to act early and decisively to prevent any build-up of risks. In his foreword to the RBI's 28th issue of the Financial Stability Report, Mr. Das said achieving durable price stability, ensuring medium-term debt sustainability, further strengthening financial sector resilience, creating new growth opportunities and promoting inclusive and green growth remain key policy priorities. Observing that the global economy is facing multiple challenges, Mr. Das said the Indian economy exhibits macroeconomic resilience, with a robust financial system that is supporting its growth dynamics. "India is one of the fastest growing major economies in the world with a rising potential growth profile," the governor said, and added the sharp rebound in growth is underpinned by sound macroeconomic fundamentals, robust domestic demand and prudent public policies.