New Delhi, April 29 -- West Asia crisis has weighed on India's industrial performance in early FY27 with the fertiliser sector bearing the brunt of disruptions to gas and chemical supplies, said Monthly Economic Review (MER) released by the Department of Economic Affairs here on Wednesday.
The monthly economic assessment released by the finance ministry noted that business activity has been softened and e-way bill has fallen from its near 30 per cent peak in November 2025, despite absolute numbers reaching record levels in March this year.
Some indicators pointed towards the supply-side moderation in March, while demand-side indicators are resilient.
"India's policy response to date has demonstrated an ability to manage immediate disrupt...