Whether it is political leadership, whether it is economic agents, whether it is bankers, whether it is regulators - among everybody there is a national consensus that it is not good to have persistent highs in prices and that everybody should consider the common long-term interests in maintaining price stability.
So, there is a national consensus on the issue and several actions have followed from all sections wherever it was warranted and there have been no knee-jerk reactions. Second, there is good news, in the sense that generally in India democratic pressures ensure that the inflation doesn’t go above the two-digit mark. But now, we find that inflation tolerance has come down.