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Economy resilient despite challenging external environment: RBI report

The Reserve Bank of India said the Indian economy remains resilient and on a strong growth path despite global uncertainties, elevated energy prices and geopolitical tensions. In its Annual Report, the RBI highlighted robust macroeconomic fundamentals, healthy corporate and banking sector balance sheets

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Robust macroeconomic fundamentals will support the growth trajectory of the Indian economy in the current fiscal year despite headwinds from elevated energy prices, supply chain disruptions, and global markets, the Reserve Bank of India (RBI) said in its Annual Report on Friday.

Healthy balance sheets of the corporate and banking sectors, along with the government's continued thrust on capital expenditure, bode well for India's strong growth trajectory, it said.

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