Mideast crisis to slow Indian economy

India's economy could slow down as prolonged disruptions to supplies of energy, petrochemicals and fertilizers from the Middle East crisis continue to bite, experts say.

With the effective closure of the Strait of Hormuz now stretching nearly three months, India, heavily dependent on imports of critical resources, is feeling the pain, they said. The shutdown is estimated to have removed about 14 million barrels of oil and petroleum products a day from global markets.