Tag: Iran War impact on India

ET logo
Posted in Economy

West Asia’s unquiet hour: Hidden costs and a strategic opening for India

Wars, in our time, rarely remain confined to the territories in which they erupt. They travel through oil prices, shipping lanes, data cables, and inflation…

Continue Reading
Investors will focus on RBI Governor Sanjay Malhotra’s 10 am speech for cues on the monetary policy path and the central bank's stance on the rupee. (AFP)
Posted in Business

Status quo on repo rate likely as Iran war weighs on rupee, India’s GDP growth| Business News

The Reserve Bank of India is likely to maintain status quo on repo rate in its first monetary policy decision since the Iran war, as…

Continue Reading
The slowdown reflects a cooling in new business intakes, which moderated to a 14-month low. (Pixabay)
Posted in Business

India service economy grew at its slowest pace in 14 months in March 2026| Business News

India’s services economy lost momentum for a second consecutive month in March, growing at its slowest pace of expansion in more than a year as…

Continue Reading
At stake is the outlook for India’s $4.5 trillion stock market, given banks account for nearly a third of the benchmark index. (Reuters)
Posted in Business

Nifty Bank’s $95-billion rout is set to deepen as RBI tightens grip on rupee trading| Business News

India’s bank stocks are likely to face further losses as the Reserve Bank of India tightens its grip on rupee trading and rising energy prices…

Continue Reading
A woman working at a textile unit in India. EY sees India's textile industry as among the most impacted by the ongoing Iran war. (HT)
Posted in Business

Iran war can cut India GDP growth rate by 100 bps in FY27, EY says| Business News

The month-long Iran war, which is showing no signs of abating, can shave India’s GDP growth rate by a full percentage in FY27, according to…

Continue Reading
Indian Oil will share the LPG shipment from Iran with its state-owned peers BPCL and HPCL. (Reuters)
Posted in Business

Indian Oil buys first Iranian LPG since 2018 as shortage worsens| Business News

Indian Oil Corp. has bought LPG from Iran for the first time in almost eight years, according to people familiar with the matter, as India…

Continue Reading
India is the second largest producer of crude steel in the world. (Reuters)
Posted in Business

India’s Steel Ministry seeks intervention for mills facing LPG shortage| Business News

India’s steel ministry has sought assistance of the oil ministry to ensure that steel plants in the country are not affected by the LPG shortage…

Continue Reading
The services industry, which accounts for the majority of India's GDP, also lost ground with the PMI easing to 57.2 in March from 58.1 in February.
Posted in Business

India’s private sector growth hits three-year low as Iran war saps demand| Business News

India’s private sector expanded at its weakest pace in over three years in March as price shocks from the Iran war dampened domestic demand, yet…

Continue Reading
ET logo
Posted in Economy

India’s limited oil buffers, reliance on subsidies heighten risks from Middle East conflict, Moody’s warns

India’s heavy reliance on oil imports from the Gulf, coupled with relatively limited strategic reserves, leaves it vulnerable to rising energy prices and potential supply…

Continue Reading
India needs a forex reserve buffer of at least $1 trillion for robust intervention capacity, according to former RBI Deputy Governor Michael Patra. (Reuters)
Posted in Business

RBI’s defence of rupee vs dollar is weighing on India’s forex reserves| Business News

The Reserve Bank of India’s recent defence of the rupee vs dollar is weighing on the nation’s foreign exchange reserves, prompting calls from some analysts…

Continue Reading