NEW DELHI, April 22 -- The West Asia war is likely to have a limited impact on India's economy and although inflation could accelerate from the level in March, it will stay within the central bank's tolerance range, S. Mahendra Dev, chairman of the Economic Advisory Council to the Prime Minister, said in an interview.

The economy is likely to expand 7% this year, and the Iran war has re-emphasized the need for faster diversification of energy sources, Dev said.

Atmanirbharta or self-reliance is at the centre of India's strategy to navigate a global environment riddled with economic choke points, Dev said.

Dev said the economy's resilience in the face of headwinds generated by the West Asia war could be demonstrated by the narrowing of ...