While the global economy is going through extreme headwinds, exposing tremendous volatility in demand; economic slowdown; disruption in the supply chain; sharp rise in energy and other commodity prices; rising inflation, and interest rate hikes. In such an environment, the Indian economy remains relatively better placed than other emerging markets and global economies but is not entirely insulated from the impact of the global crisis.
On the regulatory side, RBI, like other Central banks has taken various steps to curb inflation, arrest the rupee's slide and build a stronger and more resilient economy. The effects of this are anticipated to have a positive impact on the financial sector and the larger economy.
BT Banking Summit: Thirteen winners were awarded by Union Minister for Road Transport and Highways Nitin Gadkari, National Bank for Infrastructure Financing and Development Chairperson K V Kamath and India Today Group Chairman and Editor-In-Chief Aroon Purie.
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