Briefing: India’s private sector growth slows to over 3-year low in March, weighed down by Mideast conflict

In March 2026, India's private-sector growth slowed to a level not seen in over three years, primarily impacted by the geopolitical instability stemming from the Iran war.

This decline follows a period of growth that had been observed since the beginning of 2026, indicating a sudden shift in economic momentum.

The implications for infrastructure and operational capacity are notable, as businesses may need to reassess their strategies in light of these external pressures.