How Middle East war could impact India’s trade and macro stability

Ongoing conflict in the Middle East poses risks to India's trade and macroeconomic landscape, putting pressure on the current account deficit and exchange rate. Instability in the region is also slowing down talks on the India-Gulf Cooperation Council Free Trade Agreement, affecting efforts to widen India's trade base and improve access to new markets. India's macroeconomic stability remains strong, with the economy growing steadily over the past 20 years.