The Economic Times

Prolonged West Asia crisis may pull down India's GDP growth to less than 6.5 pc: CII President

A prolonged West Asia conflict threatens India's economic growth. CII President Rajiv Memani warns that GDP growth could fall below 6.5 per cent if the crisis continues. Elevated oil prices above USD 100 per barrel will impact growth. Interest rates are unlikely to decrease soon. Targeted relief for MSMEs is suggested.