Mumbai, May 18 -- India's long-term economic growth story remains strong despite short-term pressures from global geopolitical tensions and currency volatility, according to HDFC Securities' Devarsh Vakil.

Speaking to ANI, Vakil said concerns around falling foreign exchange reserves and rupee depreciation are manageable and not alarming at present.

"The long-term story of India is very much intact," Vakil said.

He added, "6% to 7% growth is going to be there for the foreseeable future. As we discussed, we have forex reserves to support our currency. Most of our debt is rupee-denominated, so we don't have that much problem from forex from the external angle."

According to Vakil, India's banking sector also remains healthy, creating roo...