New Delhi, June 20 -- The Indian Basmati rice sector is likely to have a significant impact, weighed down by ongoing uncertainties in the Middle East, according to a recent report by Crisil ratings.

Additionally, other sectors such as fertilisers and diamonds, both cut and polished can also witness some impact, but expected to be less than the basmati rice sector.

According to Crisil report, Iran and Israel accounts for approximately 14 per cent of Indian basmati rice exports in FY25, and it is expected to see limited impact on it due to the ongoing tensions.

"Additionally, India's ability to export to other countries in the Middle East, the US and Europe reduces demand risk. But a prolonged crisis can lead to possible delays in paymen...