India is closely monitoring West Asian tensions for potential economic impacts, particularly on oil prices and goods movement. While immediate effects on the current financial year’s budget are unlikely, prolonged conflict could disrupt critical supplies and necessitate longer shipping routes, affecting trade. India is closely monitoring West Asian tensions for potential economic impacts, particularly on oil prices and goods movement. While immediate effects on the current financial year’s budget are unlikely, prolonged conflict could disrupt critical supplies and necessitate longer shipping routes, affecting trade.
