While overall inflation is moderating, high and persistent core inflation remains a worry, as does the uncertain global growth & inflation environment, the governor said.
The US has linked the spy balloon episode to a more extensive Chinese surveillance programme, saying it has been used for spying in India, Japan, Taiwan, Philippines, and Vietnam.
If the political establishment responds to a situation like this as if it’s something that must only play out between a corporate & the market, it's coming of age of Indian capitalism.