The Federation of Indian Chambers of Commerce and Industry (FICCI) has released a report highlighting early signs of economic stress across various sectors due to the ongoing conflict in West Asia. The report stresses the need for proactive measures to mitigate risks and build long-term resilience. It suggests that the Indian government consider emergency financing for small and medium enterprises (MSMEs) and issue advisories to protect businesses from penalties related to delays caused by external factors. Additionally, the report advocates for the inclusion of petroleum products under the Goods and Services Tax (GST) to alleviate cost burdens and enhance industry competitiveness.

FICCI emphasizes the importance of diversifying oil and gas sourcing, expanding domestic gas infrastructure, and increasing strategic petroleum reserves. It also highlights the necessity of scaling up renewable energy initiatives, such as green hydrogen and battery storage. To address operational disruptions, companies are encouraged to prioritize demand alignment, optimize logistics, and enhance coordination with global shipping lines. The report concludes with recommendations for firms to adopt scenario-based planning and diversify their supply chains to ensure operational continuity amid the crisis.