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Mumbai: The country’s economy is on the path to recovery, according to a report by the Reserve Bank of India.
According to the Reserve Bank’s 25th Financial Stability Report, the global economy is in a state of uncertainty due to the war in Ukraine, the decisions of the central banks to control inflation, and the effects of the Corona series.
For India, inflationary pressures and geopolitical risks have created an environment in which the situation needs to be handled with care, but the country’s economy is well on its way to recovery.
As far as the banking sector is concerned, banks and non-bank financial institutions, with adequate capital adequacy to face trials
The Reserve Bank of India (RBI) said in a statement.