New Delhi, May 30 -- Chief Economic Adviser (CEA) V. Anantha Nageswaran has signalled a shift in the government's immediate economic focus, with external sector stability taking precedence as the West Asia conflict disrupts global energy markets.

Speaking at an event on securitisation, CEA V. Anantha Nageswaran said the West Asia conflict has triggered a significant energy price shock, driven by supply disruptions stemming from issues in the Strait of Hormuz.

Nageswaran noted, "In the current context of having to deal with the energy price, energy shock, current account deficit (CAD) and the balance of payments (BoP), etc. These, therefore, have assumed a much larger priority, urgency at this point," as quoted by PTI.

A Word of Caution...