The impact of the Middle East conflict will not last more than two months, and India’s growth story will continue with a lot of capital expenditure by industries, chairman of JSW Group Sajjan Jindal said on Saturday.
Speaking to reporters on the sidelines of IIM Nagpur’s tenth convocation, where he was the chief guest, he said industries focus on long-term plans.
He responded to questions about his expectations for capex in 2026-27, and whether he sees sufficient demand that will encourage companies to invest due to the ongoing war involving the US, Israel and Iran.
The Middle East conflict is little of a setback for India’s industrial growth, he said. “However, everybody understands that this is temporary. It can get over in a week’s time or a month’s time, or in two months at the most,” he said.
The business leader said industries plan for the very long term, spanning 20, 25 or even 50 years. “So, India’s growth journey will continue. A lot of capital expenditure is being made by
