New Delhi, March 6 -- India's macroeconomic outlook remains resilient despite heightened global risk conditions and escalating military tensions in West Asia. According to a report by Shriram Wealth, while immediate market volatility persists, India's strong foreign exchange reserves of over USD 700 billion and manageable trade deficits provide a significant buffer against external shocks.

"India's overall macros - forex reserves ($700bn+), manageable trade & current account deficits, low inflation & interest rates, contained fiscal deficit - are in a fairly strong position providing resilience to the broader economy," the report said.

As per the report, the financial impact has been immediate, with the Nifty 50 declining and the Rupee ...