# Yashwant Sinha says India’s economic crisis predates West Asia war 2026-08-15T06:01:03+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Former finance minister Yashwant Sinha has said India’s economic crisis began last year, rather than with the West Asia war that started on February 28. In an interview reported by Rediff, he warned that soaring petroleum product prices would fuel inflation and said net foreign direct investment had flowed out for two years. Sinha said India’s economy has automatic momentum to grow at 5 per cent, but stronger growth needs effective government policy. He also criticised the leadership’s response to difficult conditions, and said US tariffs and India’s foreign policy directly affect economic policy. He recalled how the 1991 crisis enabled wide-ranging reforms, while political pressure later forced governments to dilute measures. ## Coverage - rediff.com Tags: India, Manmohan Singh, Nirmala Sitharaman, Yashwant Sinha Canonical: https://indianopinion.org/yashwant-sinha-says-indias-economic-crisis-predates-west-asia-war/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/yashwant-sinha-says-indias-economic-crisis-predates-west-asia-war/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.