India, May 3 -- India's financial markets have demonstrated remarkable resilience amid global uncertainty, but the next phase of growth will depend on deepening liquidity, broadening participation, and strengthening market infrastructure, Reserve Bank of India Governor Sanjay Malhotra said in his keynote address at the 25th FIMMDA-PDAI Annual Conference in Amsterdam.

Speaking on the theme "Indian Financial Markets - Resilience and Resurgence," Malhotra noted that the Indian economy has remained among the fastest-growing major economies since the pandemic, supported by strong macro fundamentals, structural reforms, and prudent policy management. The economy grew at an average of 8.2 per cent during 2021-25, with 7.6 per cent growth estima...