As external shocks batter the economy, the RBI and government are choosing caution over activism. In periods of geopolitical turmoil, the task of macroeconomic management shifts from maximizing growth to preserving stability. India entered the second half of 2026 confronting twin pressures from the West Asian crisis and a developing El Niño, forcing policymakers to prioritize resilience over activism. Last week brought a flurry of activity in form of the release of GDP statis