RBI: India Resilient to Global Shocks, But West Asia Crisis Needs Vigilance

• RBI states India's economy is resilient to external shocks, but warns of West Asia crisis impact.
• Close monitoring and proactive measures are needed due to India's heavy reliance on crude oil imports.
• Geopolitical tensions and trade frictions revive concerns over energy security and global supply chains.
• India's capacity to absorb external shocks is strengthened by strong growth and macroeconomic fundamentals.
• Forex reserves of $709 billion provide a strong buffer against global turbulence.