New Delhi, April 3 -- The World Bank, 'International Monetary Fund (IMF) and International Energy Agency (IEA) have set up a coordination group to "maximize" the response to energy shocks and economic disruptions triggered by the West Asia war, particularly in emerging economies. The impact of the conflict is "substantial", disproportionately affecting net energy importers and low-income countries, the World Bank said in a statement on Thursday. The multi-agency group will advise governments on measures to cushion the fallout. The group will coordinate a response that "may include targeted policy advice, assessment of financing needs and provision of financial support, including concessional financing, and use of risk-mitigation tools as appropriate", the statement said. The shock is already being transmitted through higher oil, gas and fertiliser prices, with risks spilling over into food inflation. Volatile markets, weakening emerging-market currencies and rising inflation expectations "raise the prospect of tighter monetary policy and weaker growth". India, a net importer of oil and gas, is among the Asian economies most exposed to the conflict's effects, analysts said. "The near-term outlook remains uncertain as higher input costs and supply constraints pose downside risks to growth," the finance ministry said in its March economic review. India imports nearly 90% of its crude oil, about half of its liquefied natural gas and two-thirds of its LPG, much of it sourced from West Asia via the Strait of Hormuz....