Opinion: Opinion| India's Risks In The Iran Conflict Go Way Beyond Oil

The ongoing conflict in Iran poses significant risks for India, extending beyond the traditional concern of oil prices. Historically, Middle Eastern conflicts have impacted India primarily through rising fuel costs, but the current situation threatens to disrupt various sectors, including technology and trade. India's smartphone exports, which have become a crucial part of its economy, could face severe challenges due to potential sanctions or trade barriers resulting from the conflict. Additionally, the broader geopolitical implications may destabilize New Delhi's already fragile financial situation, impacting foreign investments and economic growth. As the situation unfolds, India must navigate these complexities to safeguard its national interests and economic stability in a volatile global environment.