RBI Governor Sanjay Malhotra Eyes Economic Resurgence for 2025

RBI Governor Sanjay Malhotra addresses concerns about India's economic slowdown, noting high consumer and business confidence for 2025. Despite challenges, he anticipates economic improvement and stresses financial stability and systemic robustness. Malhotra highlights reforms in the financial sector and expresses optimism about global economic conditions.

In the face of governmental criticism for prioritizing inflation over growth, newly appointed RBI Governor Sanjay Malhotra has expressed optimism about the Indian economy, citing expected improvements due to strong consumer and business confidence by 2025.

Malhotra acknowledged existing economic uncertainties but emphasized the central bank's dedication to preserving financial and systemic stability. He mentioned ongoing financial sector reforms and the resilience shown by Indian financial institutions amidst global challenges.

Despite a reported slowdown in GDP growth and a call from the Finance Ministry for structural examination, Malhotra remains optimistic about 2025, citing robust balance sheets and profitability as key strengths, while cautioning about geopolitical and economic risks.

(With inputs from agencies.)