The ongoing conflict in West Asia is causing significant concern in global markets, particularly regarding oil prices and supply chains. Despite the turmoil, India is relatively insulated compared to its Asian peers due to its low reliance on natural gas, which accounts for only 3% of its electricity generation. In contrast, countries like Thailand and Bangladesh depend heavily on gas for their energy needs. Additionally, India is a net exporter of petrol and diesel, which helps cushion the economy from immediate shocks. However, potential supply disruptions in the petrochemical sector, which contributes nearly 7% to India's GDP, could pose risks if the conflict persists. If oil prices remain elevated, India's GDP growth could decline by as much as one percentage point, affecting exports and remittances from the region. The government is currently focused on managing supply bottlenecks and reallocating energy resources while absorbing some inflationary pressures through excise duty reductions. This approach aims to maintain macroeconomic stability amidst rising global uncertainties.