The Indian economy has shown resilience amid fears of recession and war across the global landscape, the RBI (Reserve Bank of India) said on Saturday. Counting monsoon revival, pick-up in manufacturing and services, and stabilisation of inflation pressures among some of the factors that have contributed, the central bank underlined the brightened outlook and conditions for a sustainable high growth trajectory in the medium-term.
Strong buffers in the form of adequate international reserves, sufficient foodgrain stocks and a well-capitalised financial system have also helped the Indian economy, the RBI underscored in its July bulletin.
With the Ukraine war set to enter its sixth month, and coronavirus tally surging yet again in some parts of the world, several countries have been grappling with the rise in the price of essentials.
In the United States, as June figures were revealed this week, sparking new concerns, US president Joe…
