New Delhi, June 21 -- India is likely to weather the recent surge in global oil prices with limited impact on domestic inflation, according to Chief Economic Adviser (CEA) V. Anantha Nageswaran.

Speaking in an interview on Friday, Nageswaran downplayed immediate concerns over the economic fallout from rising crude prices driven by escalating tensions in the Middle East.

"While elevated oil prices are a concern, they are not yet significant enough to trigger serious economic disruption," Nageswaran said, adding that India's current macroeconomic conditions-characterised by easing inflation, ample liquidity, and stable interest rates-remain supportive of growth.

Over the past month, Brent crude prices have surged by nearly 20 percent ami...