In response to the ongoing conflict in West Asia, the World Bank, International Monetary Fund (IMF), and International Energy Agency (IEA) have announced the formation of a coordination group aimed at addressing the resulting energy crises and economic shocks, particularly for emerging economies. The group will provide targeted policy advice, assess financing needs, and offer financial support to mitigate the impacts of the crisis. The war has already led to increased prices for oil, gas, and fertilizers, raising concerns about food prices and inflation. India, which imports nearly 90% of its crude oil and significant amounts of liquefied natural gas and LPG, is particularly vulnerable to these economic shocks. Analysts indicate that the near-term economic outlook for India is uncertain, with higher input costs and supply constraints posing risks to growth. As a reflection of these pressures, Brent crude oil prices rose by 6.6% to nearly $108 per barrel, further exacerbating inflationary concerns across the region.