West Asia conflict impact managed, but concerns persist: Sabnavis

Chief Economist Madan Sabnavis has assessed that India has managed the impact of the West Asia conflict reasonably well so far, though some concerns remain on the horizon.

Sabnavis noted that inflation has been kept under control as the government has absorbed a significant portion of the increase in crude oil costs. This fiscal intervention has helped shield the economy from sharper price pressures despite global oil volatility.