The War in the Middle East: A Double Edged Sword for India's Economy The ongoing conflict between Iran and the US has sent shockwaves across the globe, but its impact on India is particularly acute.
For decades, India's economy has been driven by remittances from migrant workers in the Gulf region and exports of labor intensive manufactured goods.
However, with the war disrupting both these pillars, India finds itself on the precipice of a perfect storm. India's economic growth is being strangled by weak hiring, slow wage growth, and worsening job quality.