India enters FY27 on strong footing but FinMin warns of 'long-lasting' impact from West Asia conflict

India faces potential economic consequences from the ongoing Iran conflict. The Finance Ministry warns of increased global uncertainty and financial market volatility. A key concern is the Strait of Hormuz, vital for oil shipments. Disruptions there could drive up oil prices. The situation's long-term impact on India remains unclear, with markets watching for a stable resolution to regional tensions.