India, April 9 -- The Monetary Policy Committee (MPC) of RBI did not change either the policy rate or its stance on Wednesday. Because there were no full year growth and inflation projections in the February MPC meeting, there are no tangible takeaways on the growth-inflation impact of the war in West Asia. That said, India's FY27 GDP growth will be significantly lower than FY26's, and inflation will be higher than last year. The MPC and the RBI governor were both unambiguous about the adverse fallout of the war for the Indian economy. There are concerns about supply-side turbulence over and above the terms of trade shock from higher crude prices. Then there is the financial and currency market turbulence that is forcing RBI to intervene ...