New Delhi, May 6 -- A prolonged conflict in West Asia, leading to shipping disruptions and higher energy prices, could significantly impact Indias economic growth and potentially pull GDP expansion below 6.5 per cent, according to Confederation of Indian Industry (CII) President Rajiv Memani.
He noted that the ongoing energy crisis stemming from the West Asia conflict could pose the biggest risk to global economic growth, including Indias, if it persists over an extended period.
Growth Outlook Hinges on Crisis Duration
Speaking to PTI, Memani said, If it (West Asia crisis) does settle on time, then I think, you know, the growth momentum should pick up. You know, we should be somewhere between 6.5 to 7 per cent. If it extends for a ver...