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New Delhi: The increasing military tension in West Asia (Middle East) is now becoming a big headache for the Indian economy. According to the latest report of the rating agency CRISIL, if this crisis prolongs, there will be a huge jump in India’s import bill, which will not only increase the trade deficit, but the country’s GDP growth rate may also slow down. Major concern: Current Account Deficit (CAD) beyond 2%? The most shocking thing in the CRISIL report has been said about the Current Account Deficit. Warning: According to the report, crude oil, gas and Due to the rising prices of fertilizers, India’s current account deficit may increase to 2 percent of the GDP. Increase in import bill: Crude oil prices are expected to increase by 23% on an annual basis, which will lead to a huge increase in the petroleum import bill. Inflation and pressure on the rupee. The impact of the West Asia crisis will not be limited only to business, but it will also have a direct impact on the common man’s pocket: Inflation: Due to increase in the prices of fuel and fertilizers, freight transportation will become expensive, which will Prices of food items and other essential commodities may increase. Depreciation of Rupee: Increase in import bill will increase demand for dollar, due to which the Indian Rupee may further weaken against the US dollar. Shipping and Insurance Costs: Due to tension in the Red Sea and the Strait of Hormuz, the fares and insurance premiums of ships have increased, due to which the cost of Indian exporters has increased. Fear of ‘brake’ on exports too. Export Organizations (FIEO) and economic experts expressed concern. It is estimated that India’s merchandise exports may decline by 2-3% in the financial year 2025-26. Softening of global demand: In the event of war, reduced global demand will have a negative impact on the exports of Indian products (especially textiles, gems and jewelery and engineering goods). Reduction in growth rate: Moody’s and other rating agencies have also indicated that due to global tensions, India’s growth rate estimate may be cut by up to 1 percent. Is.