India has warned that its growth forecast of 7.0%–7.4% for the financial year ending March 2027 faces "considerable downside" risk due to rising energy costs and supply‑chain disruptions linked to the Iran war. The conflict, which began on Feb. 28 following U.S. and Israeli strikes on Iran, has disrupted goods movement through the Strait of Hormuz — a critical waterway carrying 20% of global oil — driving up energy and freight costs and straining supply chains. "The trade deficit will rise