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PM Modi: India's economic, banking systems are strong

Published 03/18/2023, 11:40 AM
Updated 03/19/2023, 05:55 AM
© Reuters. FILE PHOTO: India’s Prime Minister Narendra Modi arrives to file his nomination papers for the general elections in Varanasi, India April 26, 2019. REUTERS/Adnan Abidi

(This March 18 story has been refiled to fix the spelling of economic in the headline)

NEW DELHI (Reuters) - India's economic and banking system are strong even amid the turmoil currently rocking global markets, Prime Minister Narendra Modi said on Saturday.

© Reuters. FILE PHOTO: India’s Prime Minister Narendra Modi arrives to file his nomination papers for the general elections in Varanasi, India April 26, 2019. REUTERS/Adnan Abidi

"Amidst a global crisis, today India’s economic system is strong, the banking system is strong. This is the power of our institutions," Modi said at an India Today gathering.

Bank stocks worldwide have been badly hit in recent days by the collapse of two mid-size U.S. banks. While authorities have rescued lenders on the edge, the turmoil has spurred worries about what may be lurking in the wider global financial system.

Latest comments

Whatever PM Modi says, often opposite is true. So be cautious.
Fear is capable of destroying the world, if there are companies that die, why can't a group of banks die? there are too many.
Banks are part of the government system in this modern world. The government will not give up the part of itself and get smaller. It wants to get bigger.
yt
Yes, $133.33 Billions written off by this strong banking system and few more billions going to be written off in coming months from exposed Adani Scam and many more names to be revealed..
look at ur home first.....three wicket down yet....more dozen banks are lineup..let see who will save them....FED is sleeping like Biden must be thrown out.....
Correcta 3 wic down u still thinking winning the whole cricket game. What a nonsense. Next rate rise will collapse one major bank, just watch and see…. By that time bitcoin gets to usd 100,000.00
no Adani scam just u tried earn money through short position not only in India but all over world, blood thirsty leaches of first world
Weakest Country in the world, Most Corrupt system with Big discriminated gap between the Rich and Poor.
it's Indian era for next 20 years....mind it
The dogs are barking
lol ye by being indofferent to human suffering and living in massive corruption...first stop throwing dead people to ganges and gang raping little girls
bhakts r getting orgasm🤣🤣
😃😃😃
India, God's own country
namo namo modi hai toh munkin hai
But they still use the streets and sidewalks as bathrooms so im not impressed
but we clean our ass...s nicely with water...not keep it dry like you guys with some message with paper...oh it smelling lets put lot of perfume on body
At least, one big country has a normal person on top.
Great leader !🙏🇮🇳
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