New Delhi, Oct. 3 -- The ongoing conflict in West Asia is having significant economic and geopolitical repercussions globally, particularly through its impact on oil prices, inflation and political outcomes, according to economist Amartya Lahiri, Professor of Economics at the University of British Columbia.

Speaking on the sidelines of the Kautilya Economic Conclave, Lahiri described the conference as an important platform where policymakers, bureaucrats, politicians and academics can exchange ideas and perspectives on global economic challenges.

Discussing the wider economic consequences of the tensions in West Asia, Lahiri said the impact could be "massive", particularly because movements in oil prices can affect economies through sev...