New Delhi, June 11 -- Surging inflation and EL-Nino can disrupt consumer demand momentum from 2Q27, likely increasing India's fiscal burden by up to Rs 5 trillion, says a report by Prabhudas Lilladher.

The global supply chain disruption and rising crude prices have led to higher prices of petrol, diesel, LPG, FMCG, dairy, chemicals, durables and auto. Noting that the West Asia war has shaved 7.2 per cent off Nifty in two months and nearly 15.4 per cent from 52-week highs, disrupting supply chains and spiking crude, it said, "Indian economy has not shown any brakes on the growth trajectory."

However, "fissures have started showing up a bit in the wake of rising geopolitical risks and India's foreign dependence, not only for crude but for...