MUMBAI: Facing criticism from the government over the central bank prioritizing inflation over growth, the new RBI governor Sanjay Malhotra on Monday said that prospects of the Indian economy are expected to improve on the back of high consumer and business confidence in 2025. "As we strive to preserve financial stability to support a higher growth path for the Indian economy, our focus remains steadfast on maintaining stability of financial institutions and, more broadly, systemic stability," Malhotra said in the foreword to the Financial Stability Report.
He further said that despite the global uncertainties, the Indian economy is expected to pick up pace in the second half of the current financial year.
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