Mumbai, March 20 -- The Reserve Bank of India released its monthly bulletin for the month of March. The bulletin talks about India's state of economy being resilient in the face of global trade tensions.
The global economy, which entered 2025 on a strong note of resilience, is caught in a storm of escalating trade tensions and a heightened wave of uncertainty around the scope, timing, and intensity of tariffs.
What is more certain, however, is that trade wars and escalating tariffs could have a deleterious impact on growth and fuel inflation, not just in the countries directly involved but for the global economy as a whole.
Policymakers are now walking a tightrope, having to balance the upward strain of rising prices on account of tariff...