Is India Heading Towards A Big Shock..

Uday Kotak has warned that rising tensions in West Asia could create severe economic challenges for India in the coming months. Speaking at the CII Business Summit 2026, the senior banker said people and policymakers should prepare for a possible “big shock” if the Iran conflict intensifies further. He stressed that increasing oil prices and global instability may heavily impact India’s economy.

Uday Kotak also highlighted India’s dependence on imported crude oil and LPG supplies from Gulf nations. According to him, if crude oil prices continue rising beyond 100 dollars per barrel, the country’s current account deficit may worsen significantly. He advised citizens and businesses to focus on savings and financial preparedness instead of waiting for the crisis to deepen.