Rajiv Memani, the president of the Confederation of Indian Industry (CII), indicated that India's economic growth could be adversely affected by the ongoing Iran war, potentially dropping to 6.5% if the conflict continues. He emphasized that if the war ends soon, growth could rebound to approximately 7%. Memani noted that external factors, including the pandemic and the Ukraine war, have already strained the economy, prompting companies to create buffers against future shocks. He highlighted a 25% increase in capital spending by listed non-financial companies in FY25, amounting to ₹11 lakh crore (roughly $1.3 billion USD), and expressed optimism for a resurgence in private investments once the geopolitical tensions ease. Additionally, he called for more production-linked incentive schemes to reduce import reliance and bolster manufacturing. Despite rising input costs, consumption demand remains strong, providing a cushion against external challenges. Memani also stressed the importance of adopting artificial intelligence for maintaining global competitiveness.