"Due to the prevailing conflict in West Asia, the oil supply chain and its prices got affected in the rest of the world. All the economies have been affected by this and obviously, there are inflationary risks. Besides, spillover effect and second-order effect will also come in," he said.

Indian banks face margin pressure amid West Asia risks, with mixed performance in yields and asset quality, says report.

Indian markets are capable of absorbing shocks before returning to a “normal trajectory” once uncertainties ease | India News

"Due to the prevailing conflict in West Asia, the oil supply chain and its prices got affected in the rest of the world. All the economies have been affected by this and…