Mayhem in stock market, protest in Parliament: How US-Iran conflict in West Asia hits India, what Modi govt says

The ongoing conflict between the US and Iran has triggered significant turmoil in various sectors, notably affecting the Indian stock market. On Monday, the market witnessed its most drastic decline in six years, reflecting investor anxiety over geopolitical instability in West Asia. This decline coincided with chaotic scenes in both houses of Parliament, where opposition parties raised concerns about the government's handling of the situation. Analysts attribute the market's downturn to fears that escalating tensions could disrupt oil supplies and impact the Indian economy, heavily reliant on energy imports. The Modi government has sought to reassure the public, emphasizing its commitment to maintaining stability and addressing the economic implications of the crisis. As the situation evolves, stakeholders are closely monitoring potential repercussions on trade and economic growth, highlighting the intricate connections between global events and domestic markets. The unfolding scenario underscores the necessity for vigilant policy responses amidst rising international tensions, particularly for an economy as integrated into global trade as India's.