India anchor of stability in volatile world: RBI Governor Sanjay Malhotra

RBI Governor Sanjay Malhotra affirmed India's strong macroeconomic fundamentals, positioning the country as an anchor of stability globally. He cited low inflation, robust forex reserves, and strong balance sheets as key drivers. The RBI also revised its current fiscal growth estimate to 6.8% and lowered inflation projection to 2.6%, attributing this to policy efforts and favorable conditions.