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    <title>Tariff uncertainties pose downside risk to overall demand in India&#039;s economy: RBI Bulletin</title>
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    <description>External trade policy uncertainty, including steep tariffs on Indian goods, is flagged as a downside risk to aggregate demand, while favourable agricultural outcomes, higher real rural wages, transmission of rate cuts and fiscal support are expected to sustain domestic demand. The bulletin finds the near term inflation outlook more benign-muted food pressures and base effects likely push headline inflation below the target in the middle quarter and keep the annual average significantly below target-and states the central bank will closely monitor incoming data to guide monetary policy.</description>
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