Department of Economic Affairs Secretary Ajay Seth said monetary and fiscal authorities are taking steps to moderate inflation despite domestic and global headwinds. He stressed that policy action is being calibrated to control price pressures while keeping growth momentum intact. Seth framed the approach as “whatever it takes,” signaling continued coordination to balance inflation containment with economic expansion.
Escalating fallout from the Iran War is complicating the RBI’s rate-cut plans. War-driven inflation is rising alongside growing subsidies and fiscal strain, while bond yields climb and oil shocks are still spreading. With inflation pressure building even as growth risks mount, the RBI may face a harsher tradeoff: cushion the economy or keep inflation in check.
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