About Shaktikanta Das
Shaktikanta Das, Principal Secretary to Prime Minister Narendra Modi and former Governor of the Reserve Bank of India, delivered several addresses in April 2026 focused on India’s economic resilience and reform agenda. Speaking at the CII Annual Business Summit 2026 and the All India Management Association’s National Leadership Conclave, Das described India’s navigation of recent global crises as akin to a "chakravyuh," where the challenge lies not in entering a crisis but in exiting it without creating new imbalances. He attributed India’s average annual GDP growth of 7.8% between 2021-22 and 2025-26 to targeted fiscal and monetary stimulus that was gradually withdrawn, structural reforms such as the goods and services tax and the insolvency and bankruptcy code, and a policy of strategic self-reliance (Atmanirbharta). Das also highlighted government initiatives including a ₹7,280 crore rare earth permanent magnet manufacturing scheme and a national critical mineral mission, and stated that inflation control benefits the poor by increasing real spending power.
Das rejected the narrative that the Reserve Bank’s monetary policy had caused a growth slowdown, citing 7.1% GDP growth in 2024-25 as evidence. He emphasized that India’s growth is anchored in macroeconomic stability, contained inflation, fiscal consolidation, and a resilient financial system, and said there is "no reform complacency" in the government’s pursuit of its Viksit Bharat 2047 vision. At the AIMA conclave, he received a public service excellence award and remarked that resilience maximization is replacing cost minimization as a global priority.
Source: AI-verified profile updated from Shaktikanta Das's recent appearances.
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✨ AI-enhanced transcript with speaker attribution
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Shaktikanta Das0:00
This is a part of the currency management operations of The Reserve Bank. We are therefore withdrawing it from circulation, this 2000 rupee note. But they continue as legal tender. Let me assure the people who are abroad, the people who are now in foreign countries, and let me assure people who are within India. We will be sensitive to whatever difficulties or whatever representations we come across. It will be our endeavor to address the difficulties of the people and to complete the entire process in a smooth manner.
These 2000 notes were primarily issued for the purpose of quickly replenishing the value of money. It was introduced with the primary purpose of replenishing the currency which had decreased in the context of the November 2016 measure undertaken by the government at that time. That purpose has been fulfilled.
I do not expect the kind of rush in the bank branches. Through you, I would like to appeal to all the viewers: there is no reason to rush to the bank. Take your time.
The process will not reach a stage of finality and you have to give time so that the announcement is taken with the seriousness it deserves. People come and exchange their notes.
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Narrator2:32
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