As tensions persist, the world watches closely, aware that even minor escalations could have far-reaching consequences. The Strait of Hormuz, long recognised for its strategic importance in energy markets, is now emerging as a critical node in the global food supply chain.
IMF says, with tensions still high and no immediate resolution in sight, policymakers, businesses and households must prepare for a more challenging economic environment.
In its policy brief released on Monday, the UNDP described the conflict as “development in reverse”, cautioning that even a fragile ceasefire may not prevent long-lasting economic damage.
The Centre for Child Rights is the oldest centre of NLUO, the second oldest child rights centre at any NLU, and the only Chair Professorship on child rights amongst any university in the country.
As the two-week ceasefire takes effect, markets will be watching closely for signs of sustained de-escalation. Yet even if fighting subsides, the economic scars of the Iran war may take far longer to heal, the three organisations said.
India’s economy is projected to grow at 6.6 per cent in fiscal year 2026-27 (FY27), a moderation from the 7.6 per cent expansion expected in FY26, as higher energy prices triggered by the Middle East conflict and supply chain disruptions weigh on activity.
The failure of the monsoon to bring safe air to the majority of cities in July 2026 is a reminder that clean air remains a distant goal for most urban Indians.