Sailing Through Turbulence: India’s Tryst with Financial Stability – Keynote Address by Shri Shaktikanta Das, Governor, Reserve Bank of India – November 14, 2024 – CNBCTV18 Global Leadership Summit

"On 14/11/2024", the "Reserve Bank of India" issued an update regarding "Sailing Through Turbulence: India’s Tryst with Financial Stability - Keynote Address by Shri Shaktikanta Das, Governor, Reserve Bank of India - November 14, 2024 - CNBCTV18 Global Leadership Summit". The global economy has faced unprecedented shocks, including global pandemics, supply chain disruptions, wars, and climate change. The Reserve Bank of India has navigated these challenges with effective monetary policy actions. India's external sector has shown strength and stability, with a manageable current account deficit and robust growth in services exports. The Reserve Bank's regulatory framework and supervisory mechanisms have strengthened financial stability, while its exchange rate policy has remained consistent and market-determined. Digitalization of banking services has received a boost from the Reserve Bank's pilot projects, enhancing efficiency and stability. India's economic growth remains resilient, with inflation expected to moderate despite periodic humps.