West Asia Crisis: Housing, Plastics, Food Costs May Rise Beyond Oil
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West Asia Crisis: Beyond Oil, Housing, Plastics, Food Costs to Soar in India
M
Moneycontrol•18-03-2026, 17:10
West Asia Crisis: Beyond Oil, Housing, Plastics, Food Costs to Soar in India
•Prolonged West Asia conflict could disrupt critical industrial inputs, pushing up costs for housing, plastics, and consumer goods in India.
•India heavily relies on countries near the Strait of Hormuz for petrochemicals and industrial raw materials, impacting core economic sectors.
•High dependence on imported petrochemicals like ethylene glycol, methanol, and p-xylene means higher prices for polyester, plastic bottles, and packaging.
•Construction and housing face risks due to India's reliance on the region for gypsum and limestone, potentially increasing housing costs and delaying projects.
•Fertilizer sector vulnerability from anhydrous ammonia and sulphur imports links geopolitical tensions directly to food prices and rural incomes.
