In its report on Saturday, the finance ministry took note of the divergence between India’s retail and wholesale inflation in April: 3.48% and 8.3%, respectively. (File Photo, enhanced using AI) Consumption demand in India may face headwinds in the coming months with economic conditions beginning to show the impact of the conflict in West Asia, the Ministry of Finance said on Saturday, warning that while the near-term outlook is one of “cautious resilience”, policy will need to “remain agile across monetary, fiscal, and structural dimensions” to tackle the ongoing uncertainty and that inflation developments warrant “vigilance”.…