INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016
Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI)
There has been "immense human suffering" because of the Russian Ukrainian conflict, according to the World Trade Organization (WTO). The conflict between Russia and Ukraine, which erupted a few weeks ago, is threatening the global order. As a result of India's heavy reliance on commodities like oil, jewellery, fertilizers, natural gas, diamonds and edible oils; the Indian economy is suffering a lot. This fiscal year, the country's import bills are expected to rise above the USD 600 billion mark, which might lead to rise in the inflation levels and contribute to the deficit in current account. Ukraine's main export market in the Asia-Pacific region is India, with bilateral trade expected to reach 2.5 billion USD in FY 2020-21. However, India and Russia's bilateral trade in 2020-21 was estimated at 8.1 billion USD. Exporters are keeping a close eye on the current crisis's duration and intensity. This paper aims at analysing the economic impact of the Russian-Ukrainian conflict on the Indian Economy.
Keywords:
Russia, Ukraine, Economy, UNO, Global trade, Indian Economy.
Cite Article:
"EFFECTS OF RUSSIA UKRAINE WAR ON INDIAN ECONOMY & THE FAILURE OF UNO", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.7, Issue 5, page no.587-594, May-2022, Available :http://www.ijnrd.org/papers/IJNRD2205064.pdf
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ISSN:
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
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