Worst May Be Behind Us: India’s CEA On Iran War Impact

Chief Economic Adviser V Anantha Nageswaran said the “worst may be behind us” regarding the US-Iran conflict’s impact on India. Citing strong domestic demand and likely 12% nominal GDP growth, he expressed relative calm. However, he warned if oil hits $100/barrel, GDP could fall below 6%. India’s growth estimate for last year is 7.7%.