Mumbai, April 23: Indian economy remains stable despite West Asia conflict pushing energy prices and input costs higher, and supply chain disruptions posing upside risks for inflation, according to an RBI Bulletin released on Thursday.
An article published in the RBI’s April Bulletin said that the conflict in West Asia has intensified pressures on global supply chains in March, with some easing observed in the first half of April.
“If the conflict persists and supply chains are not restored early, it may create challenges to the domestic economy in the form of higher energy costs, input cost pressures, disruption in trade flows and financial market spillovers,” it said. (PTI)
