Heightened tensions between India and Pakistan could cast a shadow over dealmaking activity, prompting a more cautious stance in the near term.
In the wee hours of May 7—a fortnight after a terrorist attack on civilians in Kashmir’s Pahalgam—India launched an airstrike in Pakistan territory, targeting suspected militant camps.
Codenamed ‘Operation Sindoor’, the military action added a fresh layer of uncertainty to India’s investment outlook, which was already shaky following the recent Liberation Day tariffs announced by US President Donald Trump.
