The fund will allow the government to respond to unanticipated supply chain disruptions and unexpected shocks to the Indian economy, the minister added.

A statement by the ministry of external affairs on Tuesday had flagged consequences for the Indian economy due to potential disruptions in energy supplies.

The migrant workforce is the backbone of the Indian economy, and Kerala is among the biggest beneficiaries.

“In the present scenario, a hike in oil prices, exports disruptions and impact on remittances have been identified as the immediate challenges,” RBI MPC member Nagesh Kumar said

India's wholesale inflation rate increased to 1.81% in January, marking its highest level in ten months. This rise indicates growing price pressures within the Indian economy.

A huge number of Indians split their lives across the Arabian Sea — remitting $125 billion a year, supporting their families and the Indian economy.

India's wholesale inflation has surged to a 10-month high, primarily due to a significant increase in food prices. This rise indicates growing inflationary pressures within the Indian economy.