Maharashtra CM Devendra Fadnavis dismissed economic slowdown fears, stating India can repay 94% of foreign debt in a day and has reserves for 11 months of imports.

India

Who

Devendra Fadnavis

What

When

Sat, 13 Jun 2026 03:33:00 GMT · 1h 56m ago

Where

India ·

Why

Fadnavis addressed a press conference to mark Prime minister Narendra Modi's 12 years in office and dismiss concerns about an economic slowdown.

The Frontline Impact

How this affects you

This statement highlights India's strong economic position, indicating its capacity to manage foreign debt and maintain import stability, despite global recession predictions.

Story chain

1 event in this thread

No related history yet - this is the origin event.

Verified Sources & Citations

The Economic Times
https://economictimes.indiatimes.com/news/india/india-has-capacity-to-repay-94-of-its-foreign-debt-in-a-single-day-says-devendra-fadnavis/articleshow/131697109.cms
HIGH

Credibility ratings reflect the AI ingestion pipeline's assessment of source provenance.