New Delhi, May 26: Economic experts have suggested a set of calibrated policy responses, including selective import management and tax rationalisation, to help shield the economy from potential external shocks arising from escalating tensions in West Asia.
Analysts noted that rising geopolitical uncertainty in the region could impact global oil prices, trade flows, and supply chain stability, creating inflationary pressures and external risks for import-dependent economies.
Experts said temporary and targeted import controls on non-essential goods, along with flexible fiscal adjustments, may help cushion short-term volatility while maintaining overall economic stability.
At the same time, they stressed the importance of ensuring uninterrupted imports of essential commodities such as crude oil and critical industrial inputs to avoid disruptions in domestic production and consumption.
Economists further highlighted that policy coordination between fiscal, trade, and monetary authorities will be crucial in managing inflation risks without affecting growth momentum.
They added that a balanced and proactive approach would help strengthen economic resilience amid ongoing global geopolitical uncertainties.
The recommendations come at a time when global markets remain sensitive to developments in West Asia, with potential implications for energy prices and international trade dynamics.