Russia-Ukraine conflicts impact on India

BY NITISH VERMA BY NITISH VERMA

India has taken a neutral stance in the Russian- Ukraine conflict as choosing any one side can be a loss-loss situation for India

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Russia has been an Indian ally since long. 86% of Indian weapons are imported from Russia.

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India is developing good relations with USA. New strategic allies via QUAD is in the making

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With the sanctions on Russia due to war crude oil prices are definitely going to get up.

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Due to increase in the prices of crude oil there would be increase in inflation too. The prices of the products of daily needs will increase.

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International travel is also going to get more expensive due to the rising inflation and crude prices

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Stock markets will remain volatile for a bit. Already Rs. 7.59 lakh cr investor wealth has been wiped out of indian stock market.

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The global cryptocurrency market has plunged almost 12% after Russian troops marched to Ukraine

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The most dangerous part. Russia cannot have started a war without the monetary support of China

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Russia-Ukraine conflicts impact on India

India has taken a neutral stance in the Russian- Ukraine conflict as choosing any one side can be a loss-loss situation for India

India's neutral stance

Russia has been an Indian ally since long. 86% of Indian weapons are imported from Russia.

Russia a long term ally

India is developing good relations with USA. New strategic allies via QUAD is in the making

India's ties with USA

With the sanctions on Russia due to war crude oil prices are definitely going to get up.

Russia 3rd largest crude oil producer

Due to increase in the prices of crude oil there would be increase in inflation too. The prices of the products of daily needs will increase.

Increased inflation

International travel is also going to get more expensive due to the rising inflation and crude prices

International travel

Stock markets will remain volatile for a bit. Already Rs. 7.59 lakh cr investor wealth has been wiped out of indian stock market.

Stock market volatility

The global cryptocurrency market has plunged almost 12% after Russian troops marched to Ukraine

Impact on crypto

The most dangerous part. Russia cannot have started a war without the monetary support of China

The China-Russia alliance