Ram Singh, an external member of the Reserve Bank of India's (RBI) Monetary Policy Committee, stated that India is not facing a crisis on the external front and does not require measures like the Foreign Currency Non-Resident (Bank) Deposit scheme to mobilize foreign funds. He highlighted that the current economic landscape is markedly different from 2013, when US interest rates were near 0%, making it cheaper to attract foreign deposits. Today, with US yields at 4.4%, raising capital from abroad would be more expensive. Singh pointed out that India's foreign exchange reserves stand at approximately $691 billion, significantly higher than in 2013, providing a robust buffer against external shocks. He expressed confidence in India's growth potential, projecting it at 8%, driven by infrastructure improvements and digital advancements. Singh also addressed inflation concerns, forecasting a CPI inflation rate of 4.6% for FY27, which remains within the RBI's acceptable range. He acknowledged the potential risks from fluctuating crude oil prices but maintained that India's economic fundamentals are strong enough to withstand these pressures.