Russia-Ukraine war: Impact on Indian Economy

Registration ID: IJNRD_180867

Published ID: IJNRD2204035

DOI: http://doi.one/10.1729/Journal.29843

Dr.Manjushree Sanjay Dole

Russiun-Ukraine war, effect on Indian Economy, Lesson for India.

Markets do rebound after a conflict, as history has shown. We haven't learned how to forecast the conclusion of a conflict or its consequences from history. The invasion of Ukraine by Russia has caused global markets to tremble. Russia and Ukraine account for less than 2% of world commerce, but they account for a significant portion of numerous commodities: the area produces 37% of global palladium, 17% of natural gas, 13% of wheat, 12% of oil, and 9% of nickel. The sanctions placed on Russia, as well as the supply chain interconnections, are sure to have an influence on global commerce and finance. The impact on commodities, particularly energy, is the key source of concern for the Indian economy. Rising petroleum prices inevitably lead to a depreciation of the rupee, an increase in inflation and the budget deficit, and a slowing of GDP growth. A 10% increase in petroleum prices is predicted to lower GDP growth by 20 basis points, raise inflation by 40 basis points, and worsen the current account deficit. This article is a review about the after effect of Russiun-Ukraine war on the Indian Economy.

Published Paper   E-Certificate

Dr.Manjushree Sanjay Dole (April-2022). Russia-Ukraine war: Impact on Indian Economy. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 7(4), 303-309. http://doi.one/10.1729/Journal.29843

Volume 7 Issue 4, April-2022

Pages : 303-309

Paper Reg. ID: IJNRD_180867

Published Paper Id: IJNRD2204035

Downloads: 000122009

Research Area: Arts

Country: Andheri West,Mumbai, Maharashtra, India

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Crossref DOI: http://doi.one/10.1729/Journal.29843

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