Mumbai, Aug. 25 -- Anchored inflation expectations too have supported stable consumption patterns in India, stated Sanjay Malhotra, Governor, Reserve Bank of India at the FIBAC 2025 Conference today. He noted that Indian economy today is characterised by robust macroeconomic fundamentals. The economy rebounded strongly post-COVID and recorded an average annual growth of around 8 per cent during the last four years (2021-22 to 2024-25), supported by strong domestic demand - both private consumption and fixed investment - amidst challenging global economic conditions. The IMF has projected that India will be the fastest growing major economy.

India's fiscal situation too has seen significant improvement after the post-COVID counter-cyclica...