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Impact of Prolonged Iran Conflict on Indian Economy: CEA Reveals Reality
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Iran War Impact: CEA Warns of Economic Slowdown if Oil Hits $130
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News18
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17-03-2026, 21:57
Iran War Impact: CEA Warns of Economic Slowdown if Oil Hits $130
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CEA V Anantha Nageswaran warns of significant impact on India's economy if crude oil prices reach $130 per barrel and sustain.
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If oil prices remain at $130 for 2-3 quarters, GDP growth could fall from 7.4% to 6.4%, with inflation rising to 5.5%.
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High oil prices could increase current account deficit from 1.2% to 3.2% and fiscal deficit from 4.4% to 5.6%.
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West Asia crisis increases global market instability; crude oil prices recently rose to $103 per barrel.
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Government is preparing a 'Strategic Energy Mitigation Framework' to deal with potential economic shocks.
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