Amid escalating tensions in West Asia, the International Monetary Fund (IMF) on Tuesday said that it is "closely monitoring developments" and it will be too early to assess the economic impact on the region and the global economy.
"Volatility is there. But I must say that volatility in the Indian case is not as high as in some other jurisdictions, as the data would show," Pandey told ANI in an interview.
Patra cautioned that "the world is going through an unprecedented period of uncertainty caused by geopolitical strife, fragmentation, muscular industrial and trade policies, and financial volatility."