The Reserve Bank of India (RBI) has flagged rising risks to the global economy from oil price shocks, elevated public debt and financial market stress, while outlining multiple areas where the Indian economy remains resilient despite mounting external uncertainties.
In speeches and articles published in the RBI’s Bulletin on Friday, Governor Sanjay Malhotra said the global financial system was passing through a period of “elevated uncertainty and challenges” with implications for both economic activity and financial markets.
