RBI Governor invites US businesses to invest in India citing the resilient growth story | India News

India News

RBI Governor Sanjay Malhotra has urged the US industry to invest in India, citing its strong growth, policy stability, and promising prospects across sectors like space, renewables, and technology.

Reserve Bank of India Governor Sanjay Malhotra has urged US businesses to invest in India, highlighting the nation’s position as the fastest-growing major economy. Speaking at the US-India Economic Forum organised by CII and USISPF in Washington, Malhotra said India is projected to grow by 6.5% this financial year despite global market volatility.

“At a time when many advanced economies are struggling, India remains a beacon of growth and stability, making it a natural choice for long-term investors,” he said.

Strong fundamentals and policy certainty

The RBI Governor emphasised India’s stable macroeconomic environment, supported by consistent policies and a congenial business climate. He said India offers a transparent, rule-based, and forward-looking policy ecosystem — ideal for productive investments.

Over the past four years, India has recorded an impressive average growth rate of 8.2%, a notable jump from 6.6% in the previous decade. Even amid global uncertainties, India’s resilience shines through, Malhotra noted.

Robust financial sector and new opportunities

Guv Malhotra highlighted the strength of India’s financial sector, soundness of scheduled commercial banks (SCBs) that has been bolstered by strong profitability, lower non-performing assets and adequate capital and liquidity buffers. The health of the non-banking financial companies (NBFCs) sector is also robust, he added. He also highlighted that the bank credit growth, although moderating in recent months, continues to be in double digits (about 12 per cent) compared to an average of about 10.5 per cent in the last 10 years, PTI reported.

He also pointed to emerging investment opportunities in sectors such as space, semiconductors, renewable energy, and electric vehicles. India is rapidly becoming a key player in global supply chains and a SaaS innovation hub, particularly in generative AI.

“As we aspire to become a developed nation by 2047, I invite you to be part of India’s growth journey,” Malhotra said.

Rajeshwari is a news junkie and passionate environmentalist who writes about climate change, wildlife, geopolitics, and their fascinating intersections. When not crafting thought-provoking pieces, she enjoys immersing herself in soulful music with a book in hand, driven by curiosity and love for the planet.

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