Indian Officials See Iran War Oil Shock as Disruptive as Covid

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000APAC Fuel Crunch:Indian officials say the Iran war could be as disruptive to the economy as the Covid pandemic was six years ago and the damage could linger for years to come, threatening to knock the world’s fastest-growing major nation off its path. The government is now drawing on its Covid playbook to cushion businesses and consumers hit by gas shortages and soaring oil bills. One such measure could be a credit guarantee scheme worth 2-2.5 trillion rupees ($26.8 billion) for small and medium firms and sectors, officials in New Delhi directly involved in managing the fallout said, asking not to be identified because the discussions are private.