Central Banks
India Sees Strong Growth, Vows Buffers Against Global Volatility
India’s economy grew a robust 8.2% in the July–September quarter.
Photographer: Anindito Mukherjee/BloombergIndia is set to sustain high economic growth and authorities will take measures to shield it from potential shocks due to volatility in the global economy, the central bank said.
The economy remains “robust and resilient,” supported by strong domestic demand growth, benign inflation and healthy corporate balance sheets, Reserve Bank of India Governor Sanjay Malhotra said in the central bank’s bi-annual Financial Stability Report released on Wednesday.