As the war in West Asia continues, its repercussions are felt in India's economy, particularly through rising fuel prices. Oil marketing companies have increased petrol and diesel prices by approximately ₹3 per litre across major cities, contributing to a rise in retail inflation to 3.48% in April. In response to these pressures, the Indian government raised import tariffs on gold and silver to 15% to help manage the trade deficit and stabilize the currency, which hit a low of 95.75 per dollar. The trade deficit expanded to $28.38 billion, with exports increasing by 13.78% and imports by 10%. Crisil has revised India's growth forecast for FY27 down to 6.6%, citing higher crude prices and global economic challenges. Additionally, the government has prohibited sugar exports until September 30 to safeguard domestic supplies. Amid these challenges, Prime Minister Modi's recent visit to the UAE resulted in $5 billion in investment commitments and strategic energy cooperation, highlighting India's focus on energy security.