RBI’s Das weighs up external economic threats
India’s external sector is resilient, but capital flows have been volatile and trade weak, governor says
India’s external sector has shown “resilience and viability”, but there are several “areas of concern” amid global turbulence, Reserve Bank of India governor Shaktikanta Das said on September 19.
The governor said “significant progress” has been made on external debt management in recent years, and India’s overall reliance on foreign borrowing is fairly low by emerging market standards. External debt is worth 19.7% of GDP and debt service accounts for 6.4% of GDP, while the RBI’s reserves, at
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