
The West Asia war is shaking the foundations of global manufacturing, pushing input costs and shipping delays to multi-year highs. From South Korea’s surge to Germany’s “front-loading” panic and the UK’s contraction, the global factory floor is under stress. In India, manufacturing growth has hit a 4-year low, with gas rationing impacting industries. However, under Narendra Modi, the government is deploying a “garrison economy” strategy—cutting fuel taxes, easing duties, and stabilising the rupee—to shield consumers. As global supply chains strain, India is absorbing shocks to keep its economy steady amid uncertainty.