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The deepening conflict in West Asia has placed the Indian economy and the broader Asian region in the "eye of the storm," as supply chain disruptions and surging energy costs threaten to trigger a significant negative growth shock.

Mumbai (Maharashtra) [India], March 12: As military conflict in West Asia disrupts energy supplies through the Strait of Hormuz and global liquidity tightens, leading investors, policymakers and capital markets leaders gathered at IGF Mumbai 2026: Catalysing Capital to assess India's position in an increasingly fragmented global economy.

"India has sufficient gas production and supply arrangements to sustain this position even in the event of a prolonged conflict. Power generation for every household and for industry is fully protected," Hardeep Singh Puri said. Opposition members sloganeered and protested against Puri's remarks.

Indian stock markets settled in the red on Thursday as escalating tensions in West Asia and again a sharp rise in crude oil prices weighed on investor sentiment.

Petroleum and Natural Gas Minister Hardeep Puri will give a statement in Lok Sabha on the overall energy position of India amid West Asia conflict that has invariably affected shipping lines.

The ongoing conflict in West Asia has begun to affect the textile industry in Bhilwara, Rajasthan, with export orders being stalled and trade disruptions impacting shipments worth around Rs 800 to Rs 1,000 crore, industry representatives said.

Singapore, March 12: As part of The Mastercard Collection, cardholders globally can now enjoy new and enhanced culinary benefits at the most sought-after restaurants across 10 Asia Pacific (APAC) markets with the Asia Gourmet Circle program. The dining program is an exclusive gateway where cardholders can instantly check reservation availability and book tables at top-tier dining establishments in APAC and around the world. New and enhanced culinary experiences on the menu for World Legend, World Elite and World Select Mastercard cardholders in 10 Asia Pacific markets.

Indian stock markets opened in the red on Thursday as escalating tensions in West Asia and again a sharp rise in crude oil prices weighed on investor sentiment.

"The country is making arrangements and efforts to explore more alternative destinations to import LNG. It's a kind of pre-emptive measure in case the war goes on for a longer period. Advisories are also being issued to farmers for the wise use of fertilisers," Singh said on the sidelines of a soil health event organised by the PHD Chamber of Commerce and Industry (PHDCCI) in New Delhi.

The ongoing war in West Asia is disrupting global energy supply chains and creating challenges for several sectors in India, including industries dependent on gas and port-based trade, Ranjeet Mehta, CEO and Secretary General of the PHD Chamber of Commerce and Industry (PHDCCI), told ANI today.