New Delhi, May 29 -- Consultancy firm EY has called for a significant reorientation of India's economic strategy amid the West Asia crisis, urging the government to expand reserves of critical commodities and reduce dependence on volatile global supply chains.

In its Economy Watch May 2026 report, EY cautioned that the ongoing West Asia crisis has exposed India's vulnerability to imported energy and critical supplies, with direct consequences for fuel prices, food inflation, and household expenses.

"In view of the West Asian crisis and other unfavourable economic developments, a substantial reorientation of policies may be needed," ANI reported, citing the report.

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