Economy is an island of macroeconomic and financial stability, says RBI Governor Shaktikanta Das
The Hindu
Shaktikanta Das said country's current account deficit will be manageable and the central bank has the ability to manage the gap
Reserve Bank of India Governor Shaktikanta Das on August 5, 2022 said the country's economy is an island of stability despite two Black Swan events and multiple shocks.
"In an ocean of high turbulence and uncertainty, Indian economy is an island of macroeconomic and financial stability," Mr. Das told reporters during the post policy press conference.
He said the financial stability, macroeconomic stability and resilience of growth is being witnessed despite two Black Swan events happening one after the other and multiple shocks.
Generally, a Black Swan event refers to an unpredictable event that has negative consequences.
Mr. Das did not list out the two Black Swan events that he referred to.
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