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Fitch: West Asia Conflict Threatens India's Economy, Billions at Risk
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News18
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03-03-2026, 13:49
Fitch: West Asia Conflict Threatens India's Economy, Billions at Risk
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Fitch Group's BMI warns West Asia conflict could deter investment in India and reduce benefits of EU/US trade deals.
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Geopolitical risks may impact India's GDP, despite a maintained 7% growth forecast for FY2026-27.
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Closure of the Strait of Hormuz could lead to a 0.5% negative impact on India's GDP due to rising oil and gas prices.
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India, importing 88% of its crude oil, faces increased import bills and fuel inflation from rising oil prices.
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Benefits from recent trade agreements with the US and EU could be limited by ongoing global uncertainties and tariff changes.
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