'India Should Put House In Order First: Gita Gopinath's Big Warning To Modi Govt Amid Iran War

| Mar 23, 2026, 08:28:54 PM | TOI.in
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India’s economic outlook is facing fresh uncertainty as global tensions push oil prices higher. Gita Gopinath has warned that the impact on India’s growth could be “closer to half a percent” if current trends continue. That warning highlights how deeply global energy markets influence domestic stability. Higher crude prices mean rising fuel costs, inflation pressure, and stress on household budgets. At the same time, remittances from Indians working in the Gulf could also face disruption if the conflict drags on. Gopinath called the current moment a “very uncertain outlook” and a “tough time to be a policymaker,” as governments juggle multiple economic risks. Her solution is rooted in domestic strength — improving reforms, boosting resilience, and keeping India’s economic fundamentals strong. Because in a volatile world, internal stability remains the strongest defence against external shocks.

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