The ongoing conflict in West Asia poses a significant supply-side shock with rising risks to inflation, trade, and financial flows, though India’s strong domestic demand, policy buffers, resilient financial system, and continued public investment are expected to provide a measure of insulation to the economy, the Finance Ministry said in a report. Prolonged uncertainty, particularly around energy and fertilizer supplies, could test the resilience of India’s macroeconomic stability, the Monthly Economic Review for April was released by the finance ministry