The Bank of India said that the Indian economy will maintain rapid growth, and the authorities will take measures to protect India from potential shocks caused by fluctuations in the global economy. The bank said in its biennial “Financial Stability Report” released on Wednesday that India's economy is still “strong and resilient”, supported by strong domestic demand growth, moderate inflation, and a healthy corporate balance sheet. “Despite this, we are aware of recent challenges from external spillover effects and continue to establish strong protections to protect our economic and financial systems from potential shocks,” he said.

The Bank of India said that the Indian economy will maintain rapid growth, and the authorities will take measures to protect India from potential shocks caused by fluctuations in the global economy. The bank said in its biennial “Financial Stability Report” released on Wednesday that India's economy is still “strong and resilient”, supported by strong domestic demand growth, moderate inflation, and a healthy corporate balance sheet. “Despite this, we are aware of recent challenges from external spillover effects and continue to establish strong protections to protect our economic and financial systems from potential shocks,” he said.