Governor of the Bank of the Reserve of India (RBI) Sanjay Malhotra | Photo credit: Hemanshi Kamani
The governor of the Bank of the Reserve, Sanjay Malhotra, has urged the United States industry to invest in India, emphasizing that the country continues to be the most rapidly growing important economy backed by the consistency and certainty of politics.
Addressing the US Economic Forum. UU. Organized by the Confederation of the Indian Industry (ICI) and the United Indian Strategic Association Forum. UU. Global
“At a time when many advanced economies face winds against and a deteriorated economic perspective, India continues to sacrifice strong growth and stability, so it is a natural choice for investors, the value and long -term opportunity of investors,” said the governor.
India, he added, “remains an economy supported by stability: monetary, financial and political; consistency and certainty of policy; pleasant business environment; and strong macroeconomic foundations.” Malhotra said that India offers a policy ecosystem that is transparent, based on rules and with a vision of the future for long -term and productive productive investments.
As the world’s fastest growing economy, India is not just a destination for investment, it is a partner in prosperity, he said, added: “Together, we have the opportunity to invest in India.”
When observing that the Indian economy has demonstrated a remarkable resilience and dynamism, Malhotra said that in the last four years (2021-22 to 2024-25), the country recorded an average annual growth rate or 8.2 percent.
“It was and continues to be the fastest growing economy in the world. This is a significant step of the average growth rate of 6.6 percent in the previous decade (2010 to 2019),” he added.
Only in the current financial year, he said that growth was expected to be robust by 6.5 percent. This, he added, “despite the tremendous increase in uncertainty and volatility in world financial markets.”
Althegh 6.5 percent of the growth rate do not reach the aspirations of India, it continues in line with past trends and the highest among the main economies, he said.
Malhotra told the meeting in the last ten years that India has jumped from the largest economy of tens to La Quinta. The third is already in terms of purchasing power parity, India.
“Simply nominally, we are balanced to become the third largest economy shortly. We aspire to become Viksit Bharat, that is, an economy developed by 2047, when we complete 100 years of our independence. Complay of our continuous success,” said the governor.
In addition, he said that the financial sector of India is strong and vibrant and efficient that meets the financing requirements or several economic agents.
The banking sector, which continues to meet the great financing requirements of the economy, has demonstrated resilience with the healthy balance.
He said that the solidity of the programmed commercial banks (SCB) has been reinforced by strong profitability, lower lower assets and adequate capital and liquuidity shock absorbers. The health of the sector of non -banking financial companies (NBFC) is also robust.
The growth of bank credit, Althehegh moderating in recent months, continues in two digits (approximately 12 percent) compared to an average of approximately 10.5 percent in the last 10 years, he said.
“We are committed to further improve the capacity, response capacity and resilience of bank and non -banking financial sectors with emphasis on balanceing regulation with efficiency and stability. Although it offers excellent investment opportunities, such as private debt with GDP is still on the lower side, the banking sector is ready to meet the investment needs of society and industry,” said Malhotra.
The governor also said that proactive government policies also present incomparable opportunities for investment in dawn sectors such as space, semiconductors, renewable energy, electric vehicles (EV).
India is positioning itself as a critical bond in global supply chains, encouraging local supply and manufacturing. It is also becoming a Global Saas Innovation Center, special in generative, added.
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Posted on April 27, 2025