The Economic Times

Iran war could drag India's GDP growth to 6.5% this fiscal, says CII president Rajiv Memani

India's economic growth forecast for this fiscal year is around 7 percent. This projection depends on the Iran war ending soon. If the conflict persists, growth could slow to 6.5 percent. Companies are building buffers against future shocks. Private investments are expected to rebound once the West Asia conflict subsides. Consumption demand remains strong.