Looking ahead, barring further increases in oil prices, last year’s volatility in energy prices will lead to significant base effects, thereby affecting the profile of annual inflation rates this year.
This duality highlights the importance and requirement of inclusive growth of our country - a goal we all should aspire for and contribute towards in our respective professional capacities. The evolution of the financial system, too, has been dotted with several twists and turns, reflecting the policy choices made in a given socio-economic and political context.