MUMBAI, India, April 8 -- Reserve Bank of India issued the following press release:
Good morning and Namaskar. Let me welcome you all to the first policy of 2026-27 at a time when the global economy is facing unprecedented challenges from heightened geo-political tensions, the conflict in West Asia and the disruption in global supply chains.
2. Before the outbreak of the conflict, India's macroeconomic fundamentals exuded confidence with buoyant growth and low inflation. Conditions turned adverse in March with the widening of the conflict zone and its intensification. The fundamentals of the Indian economy are on a stronger footing at the current juncture than in previous crisis episodes as well as relative to many other economies, provid...