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global financial markets: India's no longer 'fragile', can weather global market volatility

In the face of global financial market turbulence, Indias rupee appears more resilient due to a narrowed current account deficit (CAD) and bolstered forex reserves. Increased exports post-pandemic buffered the CAD, keeping it manageable at 2% in FY23 despite soaring commodity prices. Forex reserves, standing at over $600 billion, fortify the RBIs ability to stabilize the rupee, marking a significant contrast to a decade ago when India was tagged among the Fragile Five economies. Forecasts projec...
Neelkanth Mishra Rahul Bajoria Barclays Capital Goldman Sachs Axis Bank Barclays Investment Bank

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