India may soon feel the economic impact of the ongoing tensions between the United States and Iran. Uday Kotak warns consumers to prepare for the worst amid US-Iran conflict, saying the real financial pressure has not yet reached households.
Speaking at the CII Annual Business Summit 2026, Uday Kotak said the country has not fully experienced the effects of rising energy prices. However, Uday Kotak warns consumers to prepare for the worst amid US-Iran conflict because fuel costs may soon rise sharply.
He explained that oil prices linked to the West Asia conflict could soon increase the cost of fuel, transport, and daily goods. Families with limited incomes may feel the biggest impact as living expenses rise.
Kotak also said India depends heavily on imported oil. If crude prices climb toward $100 per barrel, inflation, the rupee, and the overall economy could face serious pressure.
He advised households and businesses to stay cautious and manage spending carefully during uncertain global conditions.
