đđ„ Strait of Hormuz Conflict: Impact on Indiaâs Economy đźđł:
A conflict in the Strait of Hormuz could send shockwaves straight into Indiaâs economy.
đŽ Nearly 60â65% of Indiaâs crude oil imports pass through this critical chokepoint. Any disruption means:
âą âœ Oil prices spike
âą đ Inflation surges
âą đž Rupee faces pressure
âą đ Stock markets turn volatile
Higher crude prices would raise fuel costs, increase transport expenses, and push up food and commodity prices. This would widen Indiaâs trade deficit and strain government finances due to higher subsidy burdens.
Sectors at risk:
đ Aviation & logistics
đ Manufacturing
đ§Ș Petrochemicals
đŠ FMCG
On the flip side, India may accelerate energy diversification, boost strategic petroleum reserves, and deepen trade ties with alternative suppliers.
â ïž Bottom line: Stability in the Strait of Hormuz isnât just a regional issue â itâs vital for Indiaâs economic security.