West Asia conflict may reduce India's GDP growth by 1%
after close1 source ↓written by the desknot a recommendation
- and inflation
- 7% to 6%
- if instability persists
- 4% to 5.5%
The ongoing conflict in West Asia could cut India's GDP growth by 1%, according to the EY Economy Watch report. It projects GDP growth to decline from 7% to 6% and inflation to rise from 4% to 5.5% if instability persists through FY27.
The report highlights that rising crude oil and natural gas prices, crucial imports for India, will increase production costs and consumer prices, impacting various sectors significantly. 📈
Not investment advice. For informational purposes only.