Prime Minister Shaktikanta – At a time when many major economies are grappling with high public debt, rising fiscal deficit and inflationary pressures, India has emerged as a model of prudence and stability, former RBI Governor and Principal Secretary to the Prime Minister Shaktikanta Das said on Saturday. He said that while the global economic system is changing under the burden of instability, the Indian economy presents a picture of resilience and stability. “Today, India is not just reacting to the world.

We are influencing its future direction and shape,” Das said. “In a world where many countries are grappling with inflationary pressures and widening fiscal gaps, India’s approach stands out as a model of prudence and stability. A key marker of this fiscal stability is the improved quality of expenditure,” he said.

“This has not happened by chance. This is actually the result of surgically precise intervention by the Government of India and I would also like to add the Reserve Bank of India in the immediate aftermath of the Covid pandemic,” Das said in his keynote address at the Business Today Banking & Economy Summit.