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Inflationary pressure is not strong, despite weather, says Sanjeev Sanyal
Despite recent spikes in vegetable prices and rising consumer prices, the underlying inflationary pressure in India is not strong, according to Sanjeev Sanyal, a member of the economic advisory council to Prime Minister Narendra Modi. He stressed the importance of consolidating fundamentals before pushing for higher growth, referencing the moderating current account deficit and robust foreign exchange reserves.