The preparations – or rather, the lack thereof – in the real sector give me cause for concern. Companies should put their own access to financial services on a solid footing, and vulnerabilities that the UK leaving the EU will create for their own business models need to be reduced.
International crude prices are high and volatile with expectations that they would remain at these levels through 2007. These factors would have a definite bearing on the manner in which the inflation outlook in India evolves over the months to come. Inflation concerns remain with us and thus our vigil on inflation must continue. There are no grounds for complacency on this account.