Rajiv Memani, president of the Confederation of Indian Industry (CII) and regional managing partner at EY Africa-India, stated that while the ongoing conflict in West Asia may temporarily hinder India's growth rate and investment sentiment, it poses no existential threat to businesses. Memani emphasized that companies are reassessing their operations to mitigate risks associated with the geopolitical situation. He noted rising inflation, with the wholesale price index (WPI) jumping from 2.13% in February to 3.88% in March, driven by global energy shocks. Despite potential short-term impacts on growth, Memani does not foresee significant job losses. He highlighted the importance of skilling the workforce to meet the demands of advanced manufacturing sectors, such as semiconductors and electronics. Memani urged for accelerated economic reforms to maintain India's position as a fast-growing economy, advocating for improved linkages to global value chains and a competitive tax structure. He stressed the need for swift execution of reforms to enhance resilience in energy and supply chains.