Current Trends in Indian Economy
Financial Stability Report (FSR)
- According to the Financial Stability Report (FSR), “Despite the global economy facing heightened uncertainty, the Indian economy and the domestic financial system remain resilient supported by strong macroeconomic fundamentals”.
A bright spot
- India’s economy and financial system have remained stable despite global headwinds, says the RBI.
- Stress tests indicate that Indian banks will be able to withstand even severe stress scenarios.
- The balance sheets of both banks and corporates have strengthened to give India an advantage.
- The net non-performing assets of Indian banks dropped to 1% in March 2023.
