India's monthly economic report flags heightened risks from Middle East conflict, citing supply disruptions and rising costs.
Retail inflation rose to 3.4% in March, wholesale inflation jumped to 3.88%, while crude oil averaged $113‑$115 per barrel.
Merchandise exports fell 7.4% YoY in March, with UAE and Saudi shipments slumping due to Strait of Hormuz blockade.
Record FY2025 remittances of $135.4 bn and unemployment at 5.1% may face pressure if conflict persists.