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 commodity experts. As a result, crude oil imported into the countr
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