Washington, 27 April (PTI) Governor Bank Governor Sanjay Malhotra encouraged the American industry to invest in India, and stressed that the country is still the fastest growing main economy supported by political consistency and certainty.
Malhotra said he said on Friday that he recorded the Economic Forum in India, India, organized by the Indian Indian Confederation (CII) and the American Strategic Partnership (USISPF), despite the tremendous increase in uncertainty and volatility in global financial markets.
“At a time when many advanced economies face economic winds and deteriorating economic outlook, India continues to offer strong growth and stability, making it a natural choice for investors looking for long -term value and opportunity,” said Governor.
India, adding, “It is still an economy supported by stability – monetary, financial and political; political consistency and security; congenital business environment and strong macroeconomic foundations.”
Malhotra said India offered a political ecosystem that is transparent, based on the rules and looking for a-ideal environment for long-term and productive investments.
Since the fastest growing major economy in the world is not just a destination for investment, it is a partner in prosperity, he said, adding: “Together we have a chance to shape the future-Nenus for India, but for a better world.
Malhotra, when she observed that the Indian economy had demonstrated remarkable resistance and dynamics that in the last four years (2021-22 to 2024-25) reported an average annual growth rate of 8.2 %.
“It was and it is still the fastest growing main economy in the world. This is a significant step from the average growth rate of 6.6 % in the previous decade (2010 to 2019),” he added.
Even in the current financial year, he said that growth will be expected to remain robust at 6.5%. He added that “despite the huge increase in uncertainty and volatility on global financial markets.”
Although the growth rate of 6.5 % does not reach Indian aspirations, it remains generally in line with past trends and the highest of the main economies, he said.
Malhotra said for the assembly over the last ten years, India has jumped out of the top ten economy on the fifth. As for the parity of purchasing power, India is the third.
“Even nominally we are ready to become the third largest economy soon. We strive to become a viksit bharat, ie by 2047 a developed economy when we finish 100 years of independence.
He also said that the Indian financial sector is strong and alive and effectively satisfying the requirements for the financing of various economic agents.
The banking sector, which continues to meet large requirements for economic financing, has shown resistance to healthy balance sheet.
He said that the reliability of the planned commercial banks (SCB) was strengthened by strong profitability, lower non -payable assets and corresponding capital and liquidity bumpers. The health of the non -banking financial companies (NBFCS) is also robust.
The growth of bank loans, although alleviated in recent months, is on average with an average of about 10.5 percent in the last 10 years compared to an average of about 10.5 %, he said.
“We are determined to further strengthen the capacity, sensitivity and resistance of the banking and non -banking financial sector with an emphasis on compensation for regulation with efficiency and stability. Although it offers excellent investment opportunities because private debt to HDP is still on the underside, and the banking sector is ready to separate the company’s investment needs and industry.
The governor also said that proactive government policies also represent unrivaled opportunities for investment in sunrise, such as the universe, semiconductors, renewable energy, electric vehicles (EV).
India is a critical connection in global supply chains and supports local sources and production. It also becomes a global innovation center of Saas, especially in generative AI, added.
(Tagstotranslate) India
