The escalating conflict involving the United States, Israel, and Iran is increasingly posing risks to the economy of India, which heavily depends on energy imports and remittances from the Gulf region.
The closure of the Strait of Hormuz has driven up global oil prices and disrupted supply routes, threatening more than 80 percent of the natural gas and 60 percent of the oil that India imports from the region.
Approximately 9.1 million Indian workers employed in Gulf countries send around $50 billion in remittances each year back to India. These financial flows could be at risk if the conflict continues and energy companies in the region suspend operations.
A prolonged disruption in the Gulf could therefore have significant economic consequences for India, affecting both its energy security and a crucial source of income for millions of families.
