Oil Shock About To Hit Every Indian Household? Uday Kotak Says – “Prepare For The Worst”

Veteran banker Uday Kotak has issued a strong warning over the economic impact of the ongoing West Asia conflict. Speaking at the CII Annual Business Summit, Kotak said India must “prepare for the worst” as the real fuel price shock has not yet reached consumers. According to him, rising energy costs will soon start impacting households directly through higher fuel bills and indirectly through rising prices of everyday essentials. Kotak cautioned that the country has so far been protected due to older inventory, but the pressure is now building rapidly. With crude oil prices surging and geopolitical tensions escalating, Kotak’s comments have sparked concerns over inflation, consumer spending and the broader economy. Is India heading toward a major economic shock?