🏦 Economy / Policy
• Iran crisis has triggered price volatility and near-term macro concerns for India, though no structural oil supply disruption is seen yet 🛢️📊
• Government is assessing potential shipping and logistics disruptions as West Asia tensions escalate, with exporters flagging rising freight costs ⚠️🚢
• Manufacturing PMI rose to a four-month high of 56.9 in February, signalling strong industrial momentum 📈
• Power consumption grew 1.86% YoY to 132.99 billion units in February, reflecting steady but moderated demand ⚡
• “Democratising AI revolution” through GCC expansion and tax certainty is seen as key to powering India’s next growth phase 🤖📈
🏢 Companies / Sectors
• Micron inaugurated the world’s largest semiconductor clean room in Gujarat, with the first shipment rolled out for Dell, strengthening India’s chip manufacturing push 💻📦
• Indian exporters are bracing for impact as US–Israel strikes on Iran disrupt key sea routes, potentially affecting trade flows 🌍📉
🌍 Global / World
• US and Israeli strikes killing Iran’s top leadership have intensified conflict in West Asia, rattling markets and fuelling oil price spikes amid Strait of Hormuz disruptions 🌍⚠️