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research BL Saturday, 7 March 2026 NEW

West Asia war may slow down India’s economic growth, SBI Research warns

Research or analytical publication — an evidence-based assessment informing policy design and evaluation. Shapes the intellectual framework within which policy debates occur.

Summary

Prolonged war, higher oil prices may slow down economic growth, widen India’s CAD and push up inflation, SBI Research says

Key Facts

Type Research
Source BusinessLine - Economy
Published Saturday, 7 March 2026
Affected Population 1.4 billion citizens, 63 million MSMEs

Key Numbers

GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
PM-JAY: 55 crore beneficiaries

Key Authorities

Ministry of FinanceRBISEBIDEAMinistry of Social Justice & Empowerment

Key Stakeholders

TaxpayersBanks & NBFCsInvestorsBPL FamiliesSenior CitizensPersons with Disabilities

Government Context

NDA III BJP-led NDA
Centre-Right
Left Centre Right

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