India Braces for Post-War Economic Impact Amid Global Conflicts

• Global economic certainty is jeopardized by multiple ongoing conflicts, including the Russia-Ukraine war and the escalating US-Israel-Iran tensions.
• The US and Israel aim to prevent Iran from developing nuclear weapons and reshape West Asian power dynamics, potentially impacting the Russia-China axis.
• The conflict has severely disrupted West Asia's air travel, waterways, ports, and hospitality sectors, affecting millions of professionals.
• Oil and currency markets are experiencing wild fluctuations, with Brent crude prices and cargo insurance risks rising significantly.
• India, despite initial resilience due to strategic reserves and strong fiscal health, may face medium-term economic challenges from persistent oil price volatility and external trade uncertainties.