Chief Economic Adviser V Anantha Nageswaran highlighted the ongoing West Asia crisis as a significant stress test for India's balance of payments, with direct implications for inflation and the current account. He noted that forecasts for India's current account deficit in FY27 have risen to between 1.5% and 2.4% of gross domestic product (GDP). Nageswaran emphasized that the crisis reflects structural changes rather than temporary shocks, significantly impacting India's economy. Minister of Petroleum and Natural Gas Hardeep Singh Puri revealed that oil marketing companies (OMCs) are incurring losses of ₹1,000 crore per day due to the crisis, with total under-recovery expected to reach ₹2 trillion this quarter. Despite these challenges, India maintains adequate fuel stocks, including 60 days of crude oil and 54,000 tonnes of liquefied petroleum gas (LPG) production daily. Commerce and Industry Minister Piyush Goyal underscored the need for proactive measures, encouraging businesses to pursue international opportunities to enhance foreign exchange inflows.