Indian Economy and Banking Today: Issues and Concerns

An objective examination of India’s macro-economic and banking position in the context of COVID–19 lockdown reveals an unprecedented scale of devastation of income, output and employment. Given the protracted, uneven and uncertain ascent to recovery, this paper highligts the worrisome concerns of mounting global debt, risks to financial stability and the resilience of the financial system. It identifies several critical success factors that could contribute to setting better standards of excellence and achieving global benchmarks in this increasingly networked world.