New Delhi, June 16 -- The escalating Israel-Iran conflict poses significant economic risks to India, with energy security and trade routes facing growing uncertainty, according to a report released Sunday by the Global Trade Research Initiative (GTRI).

The think tank has called for urgent government action to review energy scenarios and diversify crude oil sourcing.

GTRI Founder Ajay Srivastava stated that the rising regional tensions directly threaten India's strategic and economic connections with West Asia.

The country maintains substantial trade relationships with both nations involved in the conflict, with bilateral trade figures highlighting the economic exposure at stake.

During the 2024-25 period, India's trade with Iran total...