The Iran-Israel Conflict Casts a Serious Shadow on India's Economy

Ongoing conflicts between the United States, Israel, and Iran have triggered a major global energy crisis. Zamin.uz reports on this matter.

This situation is casting a serious shadow over the stability of India's economy. The risk of closure of transit routes through the Strait of Hormuz has disrupted oil and gas supply processes worldwide.

Seven-eighths of India's imported natural gas and two-thirds of its oil pass precisely through this critical maritime route. Consequently, the country is concerned about potentially facing sharp price increases and energy shortages in the near future.

Beyond energy issues, the crisis poses a significant threat to the livelihoods of millions of Indian migrant workers living in the region. Nearly nine million Indians working in Gulf countries send more than seven to eight billion dollars annually to their homeland.

These funds are of great importance for India's economy. Experts predict that a prolonged war will lead to job cuts and a sharp decline in remittances.

Such circumstances will further worsen the country's economic situation. The government has called on citizens to remain calm and taken emergency measures to prevent a shortage of cooking gas.

However, the doubling of oil prices in the global market continues to heighten public concern. According to data as of late March 2026, international efforts and the use of strategic reserves have failed to halt rising prices.

While the Islamic Revolutionary Guard Corps threatens to block all cargo through the strait, India's future economic prospects remain highly uncertain. The consequences of a regional war could subject the country to even more severe trials.