India’s WPI Inflation Surges to 8.3%: Systemic Pressures, the West Asia Crisis, and the Macroeconomic Tightrope
India’s Wholesale Price Index (WPI) inflation more than doubled to 8.3% in April 2026 — its highest level in 42 months — driven primarily by the unprecedented 67.2% surge in crude oil and natural gas prices in the wake of the US-Israel war against Iran and the consequent closure of the Strait of Hormuz. This…