RBI governor Malhotra flags West Asia, weak monsoon as biggest risks to Indian economy
Reserve Bank of India Governor [Name] Malhotra identified the geopolitical tensions in West Asia and a weak monsoon as significant risks to India's economy during an interview. He noted that retail inflation rose to 4.38% in June, surpassing the RBI's target for the first time since January 2026, while economic growth is projected to slow to 6.6% in the April-June quarter. Malhotra emphasized India's resilient external sector, supported by strong services exports and foreign direct investment, amid these challenges.