Iran War: Energy Damage Could Make or Break India ETFs

Key Takeaways India PMI cools as weak domestic demand offsets strong export orders. Iran war, energy risks and inflation pressures weigh on India ETFs. The losing trend may reverse if oil stabilizes and geopolitical tensions ease.India’s private sector activity moderated to its slowest pace since October 2022 in March, as weak domestic demand offset a surge in export orders, according to the HSBC flash Purchasing Managers’ Index compiled by S&P Global, as quoted on CNBC.The HSBC flash India Composite PMI – ...