New Delhi, April 30 -- The Finance Ministry has warned that the ongoing West Asia crisis could lead to a supply shock for the Indian economy, with risks of rising inflation if oil supply disruptions persist, according to its monthly economic review for April.

The ministry noted that repairing damage to oil and gas production and supply infrastructure in the Gulf region may take several months.

It stated, "Repairing the damage to the oil and gas production/supply infrastructure in the Gulf region may take several months. If such a gradual recovery is not supported by a good kharif output (a weather shock /below normal monsoon as predicted by the IMD - possible El Nino conditions), it is likely that the price shock felt at the headline in...