Early signs of stress from West Asia crisis visible across sectors: FICCI

FICCI's report highlights early signs of stress across sectors due to the West Asia crisis, urging proactive measures for risk mitigation and long-term resilience. It suggests emergency financing for MSMEs, advisories for public procurement, and consultations on including petroleum products under GST. Key interventions include diversifying oil and gas sourcing, enhancing renewable energy, and developing resilient trade infrastructure. Companies are advised to adopt scenario-based planning, secure funding, and optimize operations to ensure continuity and reduce supply chain risks.