Gita Gopinath: Next 24 Hours Critical for Iran War Impact on India, Global Economy

• Gita Gopinath warns the next 24 hours could clarify the West Asia conflict's direction and economic fallout.
• India is highly vulnerable to the conflict's consequences through imports, exports, and remittances, already impacting the rupee.
• Oil at $100 per barrel could cut global growth by 0.5-0.6 percentage points and raise inflation by 80-100 basis points.
• The main risk is potential damage to energy infrastructure in key Gulf producers, not just Iran's direct supply.
• Gopinath advises targeted government support for vulnerable households and sectors, and clear communication from central banks.