Benign inflation in India, fiscal consolidation, and prudent macroeconomic policies have enhanced economic resilience, the RBI report noted on Wednesday.
The structural reforms are enhancing efficiency and competitiveness, supported by strong macroeconomic policies, said Chief Economic Advisor, V Anantha Nageswaran on Friday.
Despite an uncertain and challenging global economic backdrop, the Indian economy remains a key driver of global growth -- underpinned by sound macroeconomic fundamentals and prudent macroeconomic policies, RBI said in its latest Financial Stability Report.
The Treasury has established a monitoring list of "major trading partners that merit close attention to their currency practices and macroeconomic policies".
Singapore, May 31 (ANI): S&P Global Ratings on Monday affirmed its long-term foreign and local currency sovereign credit ratings on Sri Lanka at CCC-plus.
Beijing [China], August 25 (ANI/Xinhua): Chinese Vice Premier Liu He held a phone conversation with US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin on Tuesday morning.
Washington D.C. [United States], April 15 (ANI): The United States Treasury Department has added India to the currency practices and macroeconomic policies monitoring list, citing an increase in the foreign exchange of the country in the first three quarters of the year 2017.