Resilient Indian Economy Drives Global Growth Amid Uncertain Times

The Reserve Bank of India report highlights the nation's robust economic fundamentals, which contribute to global growth despite international uncertainties. India's financial system is resilient, backed by strong corporate and bank metrics, while stress tests show stable capital buffers in scheduled commercial banks and support from mutual funds.

The Indian economy remains a pivotal force in driving global growth, thanks to its robust macroeconomic fundamentals and strategic policies, as reported by the Reserve Bank of India on Monday.

The bank's bi-annual Financial Stability Report cautions against international economic and trade policy uncertainties, which are testing the resilience of both the global economy and financial systems.

Amid these global challenges, India's domestic financial framework shows strength, with banks and non-banks maintaining solid balance sheets. Stress tests confirm the resilience of scheduled commercial banks, mutual funds, and clearing corporations, highlighting India's economic stability.

(With inputs from agencies.)