Ukraine-Russia Conflict- How Indian Economy will be affected? The Impact of Ukraine- Russia conflict on Indian economy 1. Inflation 2. Exchange Rate 3. Crude Impact on Imports 1. Thermal coal and gas imports 2. Critical Defence Equipment 1. Inflation As there is an increase in oil prices, this will also affect freight movement. In addition, this will cause an increase in the cost of food items like vegetables, fruits, pulses, oil, etc. The Ukraine-Russia conflict will also increase inflation in India. So, if there is a rise in inflation, it may rise beyond the projected figures of RBI, and they will be forced to increase the rates. 2. Exchange Rate If the Ukraine-Russia conflict continues, the exchange rate will be affected, and the rupee may depreciate further. This can cause a rise in the country’s total trade spending. 3. Crude Brent crude oil prices are expected to rise to $105 per barrel, according to commodit...
What is Green Hydrogen / Green Ammonia? Green hydrogen, also referred to as ‘clean hydrogen’ is produced by using electricity from renewable energy sources, such as solar or wind power, to split water into two hydrogen atoms and one oxygen atom through a process called electrolysis. The hydrogen thus produced is used in the manufacturing process and oxygen is released into the atmosphere or bottled and sold to hospitals and industries that need it. A similar process also helps produce green ammonia. Ammonia is a pungent gas that is widely used to make agricultural fertilisers. Green ammonia production is where the process of making ammonia is 100% renewable and carbon-free. One way of making green ammonia is by using hydrogen from water electrolysis and nitrogen separated from the air. Green Hydrogen Policy- The policy provides as follows: Green Hydrogen / Ammonia manufacturers may purchase renewable power from the power exchange or set up renewable energy capacity th...