MUMBAI, India, Oct. 28 -- Reserve Bank of India issued the following speech:
It is a pleasure to be back at the Business Standard BFSI Insight Summit. When I spoke here last year, my theme was the macroeconomic resilience of emerging markets (EMs), including India, which I attributed to the sound policy frameworks that these economies have adopted and adhered to.
A year on, the resilience of the world economy has held. In today's talk, I will reflect on the latest global outlook drawing on the recent publications of the IMF, how India is placed in this global context, and what policy priorities may be warranted for other EMs as well as India at this point in time.
My observations are in four parts, one each on growth, inflation, public f...