Gita Gopinath on Iran Conflict: 'This Is A Negative Shock For Indian Economy | Rajdeep Sardesai

In an interview, Harvard University professor and former IMF Deputy Managing Director Gita Gopinath discussed the economic implications of the ongoing Iran conflict. She noted that the disruption represents a significant challenge, stating, "It's the biggest oil shock to the world." Gopinath explained that if the conflict extends into May or June, global growth could drop to two and a half percent. For India, she highlighted the dual pressures of higher oil import bills and exchange rate volatility. She advised against using foreign exchange reserves to defend the rupee, suggesting the currency should be allowed to adjust. Gopinath emphasized that "this is a negative shock for the Indian economy" and warned that it is not sustainable for the government to subsidize fuel prices indefinitely. To build resilience, she recommended focusing on domestic reforms, infrastructure development, and energy diversification, noting, "Energy independence is going to be very critical for India." She also pointed out that the current global environment requires policymakers to adapt to heightened uncertainty. #GitaGopinath #IranConflict #IndianEconomy #itwebvideos #OilPrices #EconomicImpact #GlobalEconomy #RajdeepSardesai #IndiaNews #BreakingNews #Geopolitics #MiddleEast #Inflation #GDPGrowth Subscribe to India Today for NEW VIDEOS EVERY DAY and make sure to enable Push Notifications so you'll never miss a new video. All you need to do is PRESS THE BELL ICON next to the Subscribe button! India Today TV is India's leading English News Channel. India Today YouTube channel offers latest news videos on Politics, Business, Cricket, Bollywood, Lifestyle, Auto, Technology, Travel, Entertainment and a lot more. Stay tuned for latest updates and in-depth analysis of news from India and around the world! For more updates, subscribe our channel:    / @indiatoday   For LIVE updates, analysis, and expert opinions — only on India Today https://youtube.com/live/sYZtOFzM78M https://youtube.com/live/lNe8hisFwMM NewsToday with Rajdeep sardesai:    • NewsToday With Rajdeep Sardesai (2026)   India First with Gaurav Sawant:    • India First With Gaurav Sawant   To The Point with Preeti Choudhry:    • To The Point | Preeti Choudhry   NewsTrack with Marya Shakill:    • NewsTrack with Marya Shakil   WhatsApp Channel: https://whatsapp.com/channel/0029Va2A... Download App: https://indiatoday.link/wHaj Follow us: Official website: https://www.indiatoday.in/ Twitter:   / indiatoday   Facebook:   / indiatoday