Mumbai, Feb 6 – India’s exports are poised for steady growth over the medium term, supported by ongoing trade agreements with key global partners, according to RBI Governor Sanjay Malhotra. Speaking on Friday, he highlighted that trade arrangements with the European Union (EU) and the United States are expected to enhance market access for Indian goods and services, providing a boost to exports.
Governor Malhotra noted that while global economic conditions remain uncertain, these trade agreements offer a framework for reducing tariffs, easing regulatory barriers, and improving competitiveness for Indian businesses. “The agreements with the EU and the US are expected to support exports over the medium term, helping Indian producers tap into larger, high-value markets,” he said.
He also emphasized that a combination of domestic policy reforms, infrastructure improvements, and favorable trade pacts will strengthen India’s position in global supply chains. Sectors such as engineering goods, textiles, pharmaceuticals, and IT services are likely to benefit from enhanced access to international markets under these agreements.
The RBI Governor further underlined that sustained export growth will play a crucial role in stabilizing India’s current account balance and contributing to overall economic resilience, even as global trade dynamics remain volatile.
Malhotra’s remarks reflect the central bank’s broader focus on maintaining macroeconomic stability while supporting growth initiatives through both domestic and international channels.