Iran War Threatens Indian Diaspora, Remittances, and Jobs in West Asia

• Iran's attacks in West Asia disrupt energy, endanger 9 million Indian diaspora, and $51 billion in remittances.
• At least eight Indian nationals killed, dozens injured; SBI report flags 38% of remittances from West Asia.
• West Asian businesses halt hiring; 300,000 Indian jobs at risk due to stalled migration.
• Long-term conflict could cut remittances by 10-30%, impacting India's external balances.
• Damage to infrastructure, like Qatar's gas facilities, could lead to long-term losses and repair times.

Key Questions Answered

How will the Iran war impact India's economy long-term?

The Iran war could lead to a long-term impact on India's economy, with potential GDP growth reduction of up to 4%.

What support is available for Indians in West Asia?

India provides a 24x7 helpline for its diaspora in West Asia and facilitates evacuations. Gulf countries have offered support to Indians during the crisis.

Could this conflict change global energy prices significantly?

Yes, the conflict could significantly change global energy prices.