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Uday Kotak warns of coming economic shock as energy prices surge after Iran war fears
Business
Published on 12 May 2026
He says consumers have not felt the worst yet
Business tycoon Uday Kotak says the biggest economic pain linked to the Iran war has not reached Indian households yet. He points to soaring energy prices as the trigger for a wider financial shock, warning that the impact could quickly flow into day to day costs for consumers. The note follows PM Modi’s austerity call, underlining heightened pressure ahead.
- Uday Kotak says the worst impact is still ahead for consumers
- Soaring energy prices could set off a broader financial shock
- Iran war-linked uncertainty is expected to hit household costs
- The warning comes alongside PM Modi’s austerity push
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times