Inside India newsletter: Iran war disruptions, Modi's appeal to boost India's hospitality sector

Hello, this is Priyanka Salve, writing to you from Singapore. Welcome to the latest edition of " Inside India " — your one-stop destination for stories and developments from the world's fastest-growing large economy. The conflict in the Middle East has affected India's economy, with Prime Minister Narendra Modi urging citizens to curb overseas travel, save fuel — and even pause buying gold. This bleak-sounding appeal is proving to be a boon for India's domestic travel and tourism industry. Read on! Any thoughts on today's newsletter? Share them with the team. The big story The conflict in the Middle East is causing India acute economic pain, with its currency weakening, the import bill rising, and mounting concerns over a slowdown in growth . But there is a silver lining: the domestic tourism industry is showing signs of a boom . Earlier this month, Indian Prime Minister Narendra Modi urged citizens to reduce overseas travel in an attempt to conserve India's foreign exchange reserves, under strain from a rising import bill amid a surge in global energy prices. The Indian rupee is among the worst-performing currencies in Asia, falling over 6% year to date against the greenback, LSEG data showed. This weakening of currency, combined with inflated jet fuel prices, has also led to one of the country's major airlines, Air India, to cancel more than a quarter of its international flights between June and August. …