Underlining the need to be prepared for an eventuality, Modi said, “We faced similar challenges during the Covid crisis with unity. Disruptions in energy supplies are being felt across parts of the economy — from ceramic tile exporters in Morbi, Gujarat, to restaurants and hotels. The Gulf region is a key choke point — it is a major supplier of fertiliser and inputs such as sulphur and ammonia. Since the beginning of this conflict, the market has been down around 10 per cent. Foreign investors have withdrawn $11.8 billion in March so far; the rupee was hovering around the 94 level against the dollar.

Source: Indian Express March 24, 2026 06:27 UTC