Mumbai, April 22 -- Members of the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) have highlighted the West Asia conflict, disruptions in the Strait of Hormuz, and elevated crude oil prices as major risks to India's growth and inflation outlook, according to the minutes released on Wednesday.

MPC member Dr Nagesh Kumar said the global and domestic outlook has been significantly impacted by the conflict, reversing the earlier "goldilocks" phase of high growth and low inflation.

He noted that India's dependence on crude oil, natural gas and fertiliser imports from the Middle East has amplified the impact, with the blockage of the Strait of Hormuz pushing oil prices sharply higher.

He said, "The overall economic sentim...