First, in the normal course, it is expected that the inflation rate would fall in the period mid-January to March 2004. Secondly, there are cushions in terms of food stocks and ample forex reserves. Thirdly, our economy has, in recent years, shown remarkable resilience in absorbing shocks including on the oil front.
That is a bit much to ask as it is simply inherently unachievable. For that matter, the market participants represented in the National Forum on the Payment System have made great efforts to further increase the robustness and safety of payments transfers, partly in response to last year’s repeated disturbances of payment systems. For instance, almost the entire PIN chain has a fall-back facility.