New Delhi, Oct. 3 -- Despite global turbulence caused by trade friction, mounting debt and geopolitical shocks, financial conditions have eased and banking systems remain broadly resilient. Reserve Bank of India (RBI) Governor Sanjay Malhotra said on Friday. Within this landscape, India has distinguished itself as a rare anchor of stability, he added.

Speaking at the fourth Kautilya Conclave in New Delhi, Malhotra said India's macroeconomic fundamentals - from robust foreign exchange reserves and low inflation since February to a narrowing current account deficit and strong bank balance sheets - have been built painstakingly over decades. "Despite all odds, the economy seems well settled into an equilibrium of resilient growth," he said,...