Middle East Conflict Threatens India's GDP, Oil Prices Soar to $110: Report

• Emkay Wealth Management report warns of significant economic pressure on India due to escalating Middle East conflict.
• Brent crude prices could surge to $110 per barrel, with natural gas prices already up 50% due to infrastructure damage and supply disruptions.
• A 10% rise in oil prices may dent India's GDP growth by 0.25%, potentially pulling it down from 7.00% to 6.50%.
• Weakening Rupee and higher import costs are expected to trigger inflationary pressures and increase the cost of funds.
• Despite challenges, the report notes India's economy is resilient; suggests phased investment for long-term investors.