MUMBAI, India, June 5 -- Reserve Bank of India issued the following press release:
Good morning and Namaskar. Over the past few months, the global economy has been shaped by heightened uncertainty, disruptions to key trade routes and supply chains, increased market volatility, and cautious business sentiment.
2. Let me at the outset emphasise that the Indian economy entered this episode of global turbulence with much better fundamentals than in previous similar episodes. While we remain confident to withstand these shocks with minimum pain, it is important to not only confront and address these challenges but also take them as an opportunity to further enhance resilience.
3. Global economic outlook remains clouded by the continuing geopo...