MUMBAI, India, Oct. 29 -- Reserve Bank of India issued the following speech:
It is a pleasure for me to be here at the Business Standard BFSI Insight Summit. I would like to thank the organisers for this opportunity.
2. In my brief comments, I will be reflecting on the observed economic and financial resilience of emerging markets (EMs) in general, and of the Indian economy, in particular. In this context, it may be noted that at the recently concluded Annual Meetings of the IMF, two contradictory themes prevailed: the unprecedented global policy uncertainty; and the surprising resilience of the economies.2
3. The global economy has shown remarkable resilience to the shifting trade policies and geopolitical tensions. Global growth has he...