Israel-Iran war: Remittances, rupee at risk; fiscal strain may rise, warns SBI Funds Management report

India faces economic challenges due to the West Asia conflict. Remittances from the Gulf may decline, impacting overseas Indians. Higher crude oil prices could widen the current account deficit. The Indian rupee might weaken further. Government finances could be strained by rising subsidy costs, particularly for fertilizers. These factors signal potential pressure on India's external sector and financial markets.