As war disrupts Gulf, India’s growth story faces new risks

New York Times: An underappreciated component of the momentum was India’s deepening ties to the Arab countries of the Persian Gulf. But that advantage is now turning into a liability.

The U.S.-Israeli war on Iran is a perfect storm for India’s economy.

The Middle East accounts for roughly 40 percent of the country’s oil imports and 80 percent of its gas. As energy prices soar, the effects ripple across the economy, threatening India’s mix of strong growth and mild inflation…