<h1>RBI Governor Highlights India's Financial Market Evolution, Emphasizing Stability Amid Global Crises and Future Integration Challenges.</h1> The Reserve Bank of India (RBI) Governor highlighted the evolution of Indian financial markets, emphasizing stability and development amid global crises like COVID-19 and geopolitical tensions. Over the past decades, India transitioned from an administered interest rate regime to market-determined rates, supported by legislative reforms and infrastructure enhancements. Recent policies have focused on managing global headwinds and fostering market growth, with increased foreign participation and liberalization of capital flows. Despite global economic uncertainties, India's economy remains resilient, with strong FDI, manageable current account deficits, and stable financial markets. Future challenges include enhancing market liquidity and integration with global markets.