UKRAINE-RASSIAN WAR:
On 24th feb 2022.
fear has come true when Russian launched a military attack on Ukraine
But does this war effect them only?
Not it can also effect India in different ways but how?
Let's understand..........
EFFECT ON INDIA :
01,Crude oil prices:
☆The commodity exports believe the prices of Brent crude oil are likely increase to $105 barrel.
☆India has a good amount of metal exports from Russia,If there are more sanction on Russia and metal imports are banned then
it can bea big problem for India.
02,Loss in import-export :
☆ Indias exports amounted to a total of $550 crore to rassia and the import of $260 crore hahe come from rassia last year.
☆ So this rate of import export can effect at least for this year.
03,Stock market:
☆Sensex has dropped to 2700 points and nifty has dropped to approx 800 points.
☆ It is said to be the biggest single-day fall in sensex stock since march 2020.
04, Inflation:
☆ The increase in oil prices will also affect the freight moment.
☆ It is expected by economists that there will be a inflation increase in India.
☆If inflation rises,it will increase beyond the reserves bank's projected figure and the country's central bank will then be forced to increase the rates.
05,Currency Exchange Rate:
☆ If this war continues,which is more likely to happen then the exchange rate can be effected and the india rupee may depreciate further.
☆ India's total trade spending will also increase due to the impact on exchange rate.
How India is analysing the Ukraine-rassia dispute?
India currently has a neutral stand on the Russia- Ukraine dispute and has appealed to both both countries to exercise restraint.
Well............
If you have any questions, please let me know