Embassy of India, Reykjavik

PM @narendramodi spoke on India’s economic resilience and stability amid global uncertainty at the Bloomberg New Economy Forum in New Delhi. “India offers the assurance of reliability and stability. In the April-June quarter of this year, India’s growth rate stood at 7.8 percent. And this growth rests on a strong foundation. Twelve to thirteen years ago, India’s current account deficit was more than four percent of GDP. Last year, it declined to approximately half a percent, standing at 0.61 percent. Today, our foreign exchange reserves exceed 700 billion dollars. Our banking system is in its strongest position in many decades.”
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