A prolonged US-Iran conflict has finally begun to hit India home, with economists signalling that the longer the crisis continues, the more difficult the situation would become for the economy. Finance Minister Nirmala Sitharaman on Monday stressed the need to closely monitor the three critical areas of fuel, fertiliser, and foreign exchange amid the ongoing West Asia conflict, while asserting that the Indian economy continues to remain resilient.

The US-Iran conflict is showing no signs of immediate resolution though both sides have acknowledged that talks continue. As the conflict has continued for weeks, pressure on the…

Nirmala Sitharaman emphasizes the importance of Modi's call to conserve forex amid rising global fuel costs and economic challenges.