India's GDP may drop 4% due to Iran conflict, warns Moody's
after close1 source ↓written by the desknot a recommendation
- in GDP
- 4% drop
- imports
- 85% of its oil
- 60% of its gas
- war began
- 28 Feb
India could see a 4% drop in GDP if the Iran conflict persists, according to Moody's Analytics. The country, heavily reliant on West Asian oil and gas, imports 85% of its oil and 60% of its gas, with significant supplies disrupted since the war began on 28 Feb. This places India among the most vulnerable economies in the Asia-Pacific region.
Not investment advice. For informational purposes only.