State Bank of India chairman Challa Sreenivasulu Setty has warned that the ongoing conflict in the Gulf region could weigh on growth and rekindle inflationary pressures, even as India's macroeconomic fundamentals remain resilient. In his message to shareholders in the bank's annual report, Setty said: "The financial year gone by unfolded against a backdrop of heightened geopolitical tensions, evolving trade dynamics, and persistent global economic uncertainty." He added: "The global gross domestic product (GDP) growth is projected to slow down, largely on account of the West Asia conflict."