India Activity Slows to Over Four-Year Low on Iran Risks

India's economic growth experienced a significant slowdown last month, hitting its lowest point in over four years, primarily due to heightened tensions in the Middle East, especially concerning Iran. This renewed geopolitical strain has dampened demand and exacerbated inflation, according to a recent HSBC survey. This deceleration matters because it underscores the vulnerability of India's economy to global geopolitical shifts, which can impact trade, investment, and overall economic stability. The situation highlights the need for careful economic management to navigate these external risks.