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FICCI flags early signs of stress across sectors amid West Asia crisis
Apr-10-2026

The Federation of Indian Chambers of Commerce and Industry in its latest report on the implications of the West Asia conflict has said that signs of early stress are being observed across sectors, warranting proactive measures to mitigate immediate risks as well as to build long-term resilience. 

The report highlighted that this crisis, while being challenging, also presents an opportunity for India to accelerate structural reforms aimed at strengthening economic resilience and reducing external vulnerabilities. According to the report, the government may consider the provision of emergency financing for Micro, Small, and Medium Enterprises (MSMEs) and issuance of advisories to address force majeure-related risks in public procurement contracts, ensuring companies are not punished for unavoidable delays.  

Moreover, the report suggested that the government may initiate consultations within the Goods and Services Tax (GST) Council to explore a roadmap for the inclusion of petroleum products under GST, a move that may cut costs, improve logistics efficiency, and make industries more competitive.


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