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West Asia crisis poses risks to India's trade and macroeconomic stability: NITI Aayog report

Posted on April 20, 2026
By Business News Today
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1 min read

West Asia crisis poses risks to India's trade and macroeconomic stability: NITI Aayog report

Geopolitical tensions in West Asia are impacting India's trade and economy. NITI Aayog reports these tensions widen the current account deficit and pressure the exchange rate. The India-Gulf Cooperation Council Free Trade Agreement is also slowed. Despite challenges, India's merchandise and services trade show resilience.