New Delhi, April 5 -- Confederation of Indian Industry (CII) has commended the Government of India and the Reserve Bank of India (RBI) for a series of timely, well-calibrated and coordinated measures undertaken in response to the evolving situation arising from the conflict in West Asia.

CII noted that the recent actions reflect a high degree of policy responsiveness and coordination across fiscal, administrative and monetary domains.

Commenting on the evolving situation, Chandrajit Banerjee, Director General, CII, stated that "the Government and the RBI have responded with speed, clarity and coordination. The early measures have helped stabilise sentiment and demonstrate that India's policy framework is both responsive and resilient in...