MUMBAI, India, Sept. 23 -- Reserve Bank of India issued the following speech:
It is my pleasure to be here at the SBI's 13th Banking and Economics conclave to share my views on the Indian economy and put them in the global context-- a context that is becoming increasingly more volatile and complex. In my brief comments, I will discuss the challenges that the global economic backdrop has posed for all emerging markets including India, how the Indian policymakers have addressed these challenges to both alleviate immediate pain and turn them into opportunities, and what the near future may look like for us.
I. The Global Context
2. The global economic context has become less conducive since the global financial crisis of 2008-09. Several st...