India, April 9 -- Yes, the central bank scaled down the growth figure by 0.7 per cent to 6.9 per cent this year (2026-27) due to the ongoing Iran war, and related implications. Yet, there is a feeling among experts that this exudes a certain confidence in the economy's ability to bounce back soon. This is evident in the statement by the Reserve Bank of India's governor. "Further escalation and wider spread of the conflict, heightened volatility in global financial markets, and weather-related events, however, weigh on the domestic growth outlook. Risks to the baseline projections are tilted to the downside, with uncertainty remaining elevated due to the ongoing West Asia conflict," he said.

Let us look at the issues that indicate that th...