Crude oil prices up 30% in a month; CEA warns India faces multiple economic shocks

India's Chief Economic Adviser has warned that crude oil prices have risen 30 per cent in a month, exposing the country to multiple economic shocks. The sharp increase in global oil prices poses risks to inflation and fiscal stability, particularly for an import-dependent economy like India.

The CEA's statement underscores the vulnerability of India's economy to external commodity price volatility and geopolitical developments affecting energy markets.