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West Asia conflict could drive India capex surge of 800 billion while oil and fertiliser fears grow
Economy
Published on 1 May 2026
Morgan Stanley sees a boom in defence and data
Morgan Stanley says India may benefit from the West Asia conflict with a potential $800 billion capex boost across energy, defence, fertilisers and data infrastructure. But the brokerage warns the upside comes with real headwinds: India’s heavy dependence on oil and fertiliser imports could keep costs and risks elevated even if investment momentum rises.
- Morgan Stanley projects an $800 billion India capex pickup
- Investment may expand into energy, defence, fertilisers and data
- Oil import dependence could strain costs during geopolitical shocks
- Fertiliser supply risks may add pressure to farmers and prices
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times