From Gulf conflict to floods and extreme heat, disasters are squeezing Indian household budgets. A family does not need to live in a flood zone or beside a war to pay for a disaster. In 2026, three shocks have reached Indian households through higher prices, lost earnings and pressure on public finances. Conflict in the Gulf has raised energy and fertiliser costs. Monsoon floods have destroyed homes and livelihoods. Extreme heat has exposed the vulnerability of millions depen