National Webinar (7.4.26)
The PG Department of Economics organized a National Webinar on the topic “West Asia War: Economic Fallout for India" on 7th April 2026 at 1:00 p.m. The resource person for the webinar was, Mr. Aditya Barnwal, Assistant Professor in Economics from AURO University, Surat.
.png)
The speaker elaborated on the strategic importance of the Strait of Hormuz, highlighting that nearly 20% of global oil trade passes through this route. He discussed how geopolitical tensions in West Asia lead to rising oil prices and increased shipping costs.
Mr. Barnwal
further explained India’s energy dependency and how disruptions in oil supply
result in rising import bills, widening of the current account deficit, and
depreciation of the Indian rupee, making imports more expensive. He also
discussed the impact on households, including increased fuel costs, food
inflation, and erosion of real income. Additionally, he highlighted the
implications for employment in Gulf countries, effects on various industries,
and the broader economic challenges. The speaker also addressed how the
Government of India is responding to such challenges and explained the role of
the central bank in maintaining economic stability. He concluded the session by
emphasizing the importance of understanding global events and their domestic
economic consequences.