The Economic Times

India's strong economic momentum continues despite global uncertainties, says Chief Economic Adviser

India's economy shows strong near-term momentum, driven by domestic factors and exports. The Reserve Bank of India's deposit mobilisation offers significant balance of payments support. This action also provides a stable floor for the Indian rupee against the US dollar. All three economic sectors contributed to the first quarter's robust GDP growth. Structural reforms implemented over the past twelve years are now yielding beneficial results.