West Asia conflict may hit India hard; oil spike could raise inflation, slow GDP: SBI Research
West Asia conflict may hit India hard; oil spike could raise inflation, slow GDP: SBI Research is drawing significant interest across the industry.
SBI Research noted the Strait of Hormuz carries around 20–26% of global oil supply, making it one of the most critical energy chokepoints in the world. Any prolonged disruption in the region could send crude prices higher and create ripple effects across inflation, trade balances and growth.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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