Foreign investors are set to withdraw a record $12 billion from Indian stocks this March due to the Iran war, disrupting oil and gas supplies, and raising concerns about a growth slowdown. With two trading days left in the month, foreign portfolio investors have already withdrawn 1.12 trillion rupees ($12.1 billion), likely marking the worst monthly selloff, surpassing the previous record of 940 billion rupees in October 2024. The conflict in the Middle East is expected to negatively impact India's economic growth, potentially reducing India's current account deficits and fiscal deficit to 6.5% from from 7.2%. As the world's third-largest oil importer and second-highest liquefructive petroleum gas consumer, India is dealing with rising energy costs and increasing inflationary pressures.