Indian bank credit growth is expected to ease to below 12 percent in the coming fiscal year as the West Asia conflict and shifting interest rate dynamics weigh on borrowing and repayment capacity. Icra cautions that small businesses and unsecured loan segments could see more defaults, prompting banks to tighten underwriting for vulnerable sectors.
India is considering limiting sulphur exports as West Asia war strains Middle Eastern supplies, pushing up prices and disrupting supply chains. Industry groups warn this could raise global sulphur costs further. The risk increases as China is set to restrict sulphuric acid exports next month. India, heavily dependent on imports, may prioritize domestic availability.
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With West Asia fighting escalating, Morbi and Thangadh ceramic clusters are struggling as propane supplies tighten. Since the war began, a shortage of the fuel has disrupted production, leaving many units shut or operating at reduced capacity. Industry sources say losses are mounting quickly, threatening jobs and the viability of smaller workshops reliant on consistent gas supplies.
The West Asia conflict is hitting India’s fast-moving food and beverage sector, especially small eateries, as LPG shortages and supply disruptions pile up. Many businesses are adjusting menus, trimming operating hours, and in extreme cases shutting down to avoid massive losses. The war’s spillover is turning everyday cooking fuel scarcity into a serious economic threat for local restaurants.
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