India will be a USD 5 trillion economy and the third largest in the world by market exchange rates by 2027, aided by the demographic advantage and pace of financial sector development, Reserve Bank Deputy Governor Michael D Patra has said.
RBI Deputy Governor Michael Debabrata Patra said the system-level capital ratio under the baseline, medium and severe stress scenarios is projected at 16.1 percent, 14.7 percent and 13.3 percent, respectively