Mumbai, March 26 -- The world could be staring at a recession within weeks if the ongoing war in West Asia doesn't ease by the middle of April, Neelkanth Mishra, chief economist at Axis Bank, warned on Thursday.

However, he said India's medium-term growth trajectory remains intact, despite some immediate, near-term impact from the war.

"If by mid-April, the Strait of Hormuz is not opened fully, I think the world is headed into a recession," he said at the Mint India Investment Summit & Awards in Mumbai, flagging the narrow window policymakers have to contain the fallout.

The immediate risk stems from energy disruptions and supply-chain breakdowns. India's vulnerability is rooted in its dependence on imported energy.

"We net import 50%...