West Asia Conflict: Indian Firms Face Shipment Delays, Raw Material Shortages, Says CII

• Indian companies are experiencing disruptions like shipment delays and raw material shortages due to the West Asia conflict, according to CII.
• CII Director General Chandrajit Banerjee noted 'downstream effects' impacting key maritime routes and global supply chains.
• The conflict has pressured energy markets, imports, and exports, affecting manufacturing and other industries.
• Despite challenges, CII states India is better positioned to absorb external shocks due to structural reforms and Atmanirbhar Bharat.
• The Indian government's response has been 'quick, calibrated and continuous,' including crude oil diversification and export facilitation.