At an event in Mumbai, RBI Governor Sanjay Malhotra reaffirmed India’s steady commitment to market reforms despite global protectionism. Speaking on Friday, he highlighted liberalisation in key sectors and India’s strong economic resilience and growth outlook.

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• India remains firm on market reforms despite global protectionism.
• RBI Governor Sanjay Malhotra spoke at CII-USISPF event in Mumbai.
• Defence, insurance, petroleum, telecom, and space sectors liberalised.
• 100% FDI allowed in almost all sectors in phased manner.
• 90% of FDI now comes through automatic route.
• Inflation under control; monetary policy now accommodative.
• Economy grew at 8.2% average over past four years.
• Expected 6.5% GDP growth this year despite global volatility.
• India’s forex reserves stood at $686.1 billion as of April 18.
• Goal reaffirmed: India to become a developed economy by 2047.