Economy
Monetary prudence can cushion oil shocks, says CII President
The Indian Express2h
THE BRIEF
1
CII President R Mukundan stated that monetary and fiscal prudence, along with trade diversification, has helped cushion the Indian economy against energy shocks as crude prices cross $100 a barrel.
2
Mukundan highlighted that accelerating the ease of doing business and reducing execution timelines are vital for helping industries absorb rising interest rate risks.
3
He noted that the government is working towards creating a unified digital data system to streamline business entries, land allotments, and compliance steps.