New Delhi, April 2 -- India has weathered many global headwinds in the past, including wars and tariff disruptions. The strong foundations of India's economic policies have helped the economy remain resilient through such events. However, no country today is immune to geopolitical shocks, especially one as large and interconnected as India.

Such shocks can create ripple effects not only at the macroeconomic level but also for individuals and businesses. Exports may be affected, particularly at a time when private investment is already subdued. The rising importance of critical imports, especially crude oil, can translate into higher inflation in non-discretionary items.

For a country like India, which imports a significant portion of it...