Context: The evolved fiscal status of India and a comparison of domestic banks with multilateral institutions showcase India's capability to achieve self-reliance.
Evolved Economic strength of India: Reducing dependency on multilateral institutions:
Way Forward:
Conclusion: ‘The only thing we have to fear, is fear itself’ — delivered by the US President Franklin D Roosevelt in his inaugural address in 1933 (the height of the Great Depression), should guide policymaking today.