https://www.taxtmi.com/news?id=73325 India's macroeconomic position is described as having strengthened through robust growth, high foreign exchange reserves and expanding external resilience. The text states that concerns about recession were dismissed on the basis that India continued to record the highest growth rate among major economies, with GDP growth remaining strong in the latest quarter and the fiscal year. It also notes that India had become the world's fourth-largest economy and was on course toward a USD 5 trillion economy. The article further highlights external sector stability by stating that India's foreign exchange reserves were sufficient to cover nearly 11 months of imports and that the country had the capacity, if required, to repay 94 per cent of its foreign debt in a single day. en-us Fri, 12 Jun 2026 22:31:03 +0530 Fri, 12 Jun 2026 22:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=73325 India's macroeconomic position is described as having strengthened through robust growth, high foreign exchange reserves and expanding external resilience. The text states that concerns about recession were dismissed on the basis that India continued to record the highest growth rate among major economies, with GDP growth remaining strong in the latest quarter and the fiscal year. It also notes that India had become the world's fourth-largest economy and was on course toward a USD 5 trillion economy. The article further highlights external sector stability by stating that India's foreign exchange reserves were sufficient to cover nearly 11 months of imports and that the country had the capacity, if required, to repay 94 per cent of its foreign debt in a single day. News - Fri, 12 Jun 2026 22:31:03 +0530 https://www.taxtmi.com/news?id=73325