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The Economic Times

Business / The Economic Times

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West Asia conflict could lift India's inflation, hit GDP growth: Economists

Geopolitical tensions in West Asia are likely to keep crude oil prices high. This could increase India's inflation by up to 20 basis points in FY27. Economists suggest fuel retailers might absorb some costs, limiting immediate consumer price hikes. Higher oil prices may also affect economic growth and widen the current account deficit.

7 Mar 2026 12:32 am