New Delhi, March 5 -- If the geopolitical uncertainties in middle east persist or escalate, there could be an adverse impact on sectors such as basmati rice, fertilisers, diamond polishing, travel operators and airlines, warned a Crisil report released here on Thursday.
The report said sectors like ceramics and fertilisers with high-dependence on imported liquefied natural gas (LNG) could see a near-term production impact. Moreover, crude-linked sectors such as downstream oil refiners, tyres, paints, specialty chemicals, flexible packaging, and synthetic textiles could be affected.
Crisil noted that countries in the Middle East account for 30 pc of global crude oil and 20 pc of global LNG production, and the majority of this is transporte...