New Delhi, April 30 -- The Indian economy is experiencing a supply shock from the West Asia crisis, with demand compression emerging as a serious concern amid high prices, rising inflation, and a slowdown in economic activity, the finance ministry's monthly economic report said on Wednesday. "For most economies, the current global drift is a source of vulnerability. However, for India, with its strong domestic fundamentals and tradition of strategic autonomy, it can be an opportunity," it said, proposing five broad action points. First, India should prioritise energy security and resilience. "Of course, in doing so, it cannot substitute one import dependency for another," the report said, underscoring the importance of buffer mechanisms suc...