West Asia Tensions Fuel Supply Chain Stress, Threaten India's Growth: Rajiv Memani

• CII President Rajiv Memani warns of escalating supply chain and logistics disruptions for India Inc due to West Asia tensions.
• Rising oil prices above $100 a barrel are causing significant stress, impacting raw materials and the entire supply chain ecosystem.
• Memani highlights risks to India's FY27 growth outlook, widening trade deficit, and current account pressure, with inflation expected to rise.
• Government and industry are closely engaged, focusing on mitigating immediate disruptions and cushioning vulnerable sectors.
• Long-term strategies include accelerating domestic manufacturing, attracting foreign capital, and fast-tracking energy transition.