The Indian economy could expand about 7% this fiscal year if the Iran war ends soon but growth could slip to 6.5% if the conflict continues, prolonging disruptions in global supply chains, Rajiv Memani, president, Confederation of Indian Industry (CII) said Tuesday. Economic growth is estimated at 7.6% in FY26. Hit by frequent external headwinds such as the pandemic, Ukraine war, additional US tariffs, and the Iran war, in rapid intervals, many companies are now looking to create buffers to better shield their balance sheets against future shocks, Memani told ET in an interview.