Guest Opinion Hormuz Crisis India Economy

The conflict disrupts oil and gas flows through the Strait of Hormuz, directly impacting India as a major importer. Higher oil prices increase input costs for Indian refiners, widen the current account deficit, and raise CPI. The channel is supply_shortage and input_cost. India's agriculture and fertilizer sectors face scarcity due to higher energy costs and potential supply disruptions. Winners: alternative energy suppliers, domestic producers. Losers: Indian import-dependent refiners, fertilizer companies, and consumers.