New Delhi, March 1 (TIWN) Geopolitical risks emanating from the Russia-Ukraine conflict is expected to push India's import bill higher.

However, it noted that this moment will not have any lasting impact on the Indian economy. A few days ago, finance minister Nirmala Sitharaman had flagged concerns over the after effects of Russia's invasion of Ukraine and said that never has global peace faced challenges of this significance since World War-II.