Has US-Iran deal erased Middle East pain for India inc?

The recent US-Iran deal has brought some relief to Indian companies, as global market tensions ease, potentially avoiding a larger-than-expected hit to their profitability. Crisil Ratings now predicts a smaller 100-basis-point drop in operating margins for fiscal 2027, down from an earlier estimate of 200 points. While most sectors are expected to experience minimal disruption, industries like airlines and specialty chemicals still face input cost challenges. This shift is crucial as it could save Indian businesses millions, underscoring the interconnectedness of global politics and local economic health.