US-Iran Conflict: How the War Will Impact India's Economy and Your Pocket

• Escalating US-Iran military conflict destabilizes the Middle East, posing a significant economic crisis for India.
• Disruption of Iranian crude oil supply will raise global prices; India, importing 85% of its oil, faces higher costs and increased fiscal deficit.
• A one-dollar rise in crude prices adds 9,000 crore rupees to India's annual bill; oil could reach $91 per barrel.
• Rising crude prices will fuel inflation across industries, increasing costs for petrol, diesel, manufacturing, and freight, impacting daily essentials.
• Blocking the Strait of Hormuz, vital for India's oil and LNG imports, would trigger a severe energy crisis and economic disruption.