India faces fresh inflation risks as elevated crude oil prices and disruptions to maritime routes in West Asia threaten to raise import and business costs. Higher energy and freight expenses could add to price pressures across the economy if supply disruptions persist. India’s October 2026 Monthly Economic Review warned that elevated crude oil prices and maritime freight disruptions across West Asian transit routes pose “ongoing upside risks to input costs”. The report said these external pressures could complicate efforts to contain inflation, even as domestic economic activity remains resilient.