India better positioned to face external shocks: RBI’s Michae D. Patra

India is better positioned to face external shocks emanating from increasing geopolitical tensions, the aftermath of the COVID pandemic and the inevitability of climate change, Reserve Bank Deputy Governor Michael Debabrata Patra said on Monday.

Relative to macroeconomic configurations in 2013 when India was described as one of the fragile five countries, he said, “India is better positioned currently, as its macroeconomic fundamentals have improved significantly, and external sector indicators point to the availability of enough cushions to manage external shocks”.

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