India Inc braces for price hikes

INDIAN FIRMS ARE bracing for possible price hikes as manufacturing and freight costs are likely to shoot up in the wake of the West Asiaconflict which has led to the closure of the Strait of Hormuz, a key shipping corridor, and arise in crude prices.

- VIVEAT SUSAN PINTO

The volatility in the Gulf region comes just as urban demand conditions in the domestic fast-moving consumer goods were improving. The executives FE spoke to said they were expecting a sharp spike in crude prices. This is likely to hurt a cross-spectrum of sectors that use crude-linked derivatives as their inputs including FMCG, paints, auto, and infrastructure.