India launches $1.9 billion credit scheme amid Iran war fallout

India has announced a nearly two-billion-dollar emergency credit guarantee scheme.

Aadil Mir
Press TV, New Delhi

India has announced a nearly two-billion-dollar emergency credit guarantee scheme, as the economic fallout from the ongoing US-Israeli war on Iran begins affecting businesses and supply chains globally.

Rising fuel prices and trade uncertainty are now increasing pressure on economies heavily dependent on energy imports.