In light of the ongoing crisis in West Asia, the Confederation of Indian Industry (CII) has urged the Indian Finance Ministry to implement a 20-point policy agenda aimed at providing fiscal and trade support. CII highlights that MSME exporters and energy-intensive sectors are particularly vulnerable to rising costs and disruptions. Among the key recommendations is the establishment of a time-bound Emergency Credit Line Guarantee Scheme, similar to the one introduced during the pandemic, to provide liquidity support to affected enterprises. CII's director general, Chandrajit Banerjee, emphasized the importance of coordinated fiscal and monetary action to enhance resilience during such crises.

The industry body also advocates for temporary relief measures, including a reduction in electricity tariffs and waivers on banking charges, to alleviate the financial burden on businesses. Additionally, CII suggests a special forex swap window for oil and gas public sector undertakings (PSUs) to stabilize their US dollar requirements amid market volatility. Furthermore, CII calls for expedited processing of pending GST refunds and duty drawback claims to support cash flow for affected industries. The government has already taken steps, such as cutting excise duties on fuel and reintroducing export duties on diesel and aviation turbine fuel, to manage domestic fuel availability and prices.