Indian Banker Uday Kotak Warns Over Iran War, Backs PM Modi | Vantage LIVE | Firstpost

India holds limited strategic energy reserves, creating a narrow buffer between stability and crisis. A disruption in the Strait of Hormuz pushes global oil prices sharply higher, intensifying economic pressure worldwide. At a major business summit in New Delhi, banker Uday Kotak warns citizens to prepare for an imminent economic shock linked to West Asia instability. India, heavily dependent on imported crude, faces rising import bills, widening deficits, and pressure on the rupee. Despite government efforts to stabilise fuel prices, oil marketing companies are incurring massive daily losses, straining public finances.

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