Business Standard
The government has taken a host of measures to mitigate external risks, support the balance of payments, and maintain macroeconomic stability amid the ongoing West Asia crisis, Minister of State for Finance Pankaj Chaudhary said on Monday. In a written reply to a question in the Lok Sabha, Chaudhary said the government is consistently reviewing and closely monitoring the economic impact of the ongoing West Asia conflict at the highest levels and taking immediate corrective and facilitative measures as warranted. Seven new empowered groups have been constituted to undertake swift and far-reaching action on supply chains, petrol-diesel, fertilisers, gas and inflation. In addition, an Inter-Ministerial Group on supply chain resilience has been operationalised to monitor the situation and coordinate facilitation measures related to exports and imports. To a question on the extent by which the GDP growth and foreign investment is likely to be affected due to the crisis, Chaudhary said, .
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