Swaminathan Aiyar cautions on short-term impact on markets if tensions persist

May 7, 2025

We have shown the skill to do this in the past. I hope we will show the skill to do this in the current situation also, that would be my expectation. I do not expect a runaway escalation. But could there be more than one step of escalation is possible and yet I would say I do not think we are going to go for any kind of all-out war.

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