New Delhi, March 30 -- The ongoing conflict in West Asia could shave around one percentage point off India's economic growth and push up inflation if the disruptions persist, according to a report by Ernst & Young.

The latest edition of the report, 'Economy Watch: Monitoring India's macro-fiscal performance', warned that prolonged geopolitical tensions could weigh on India's macroeconomic outlook through higher energy prices and supply disruptions.

"The ongoing conflict in the Middle East has significantly disrupted global crude oil and energy markets by affecting supply, storage, transportation and prices," the report said.

It added that if the impact of the conflict continues through the next fiscal year, India's growth trajectory co...