Navigating the Economic Challenges of the Russia-Ukraine Conflict on India-Reference-Cited by-同舟云学术

Navigating the Economic Challenges of the Russia-Ukraine Conflict on India

Published:2023-05-05 Issue: Volume: Page:218-238
ISSN:2327-0381
Container-title:Advances in Digital Crime, Forensics, and Cyber Terrorism
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Author:

Kumar Kishlay¹^ORCID,Singhania Dimpal¹^ORCID,Singh Karan Pratap²^ORCID,Mishra Puja¹,Sinha Keshav³^ORCID

Affiliation:

1. Sarala Birla University, India

2. Birla Institute of Technology, Mesra, India

3. University of Petroleum and Energy Studies, India

Abstract

The war between Russia and Ukraine negatively impacts growth and results in a high inflation rate in the global village. In 2021, Ukraine exported $2.6B to India and imported $509.94M. During the same period, bilateral trade totaled $12.3 billion, with Indian exports totaling $3.33 billion and imports totaling $8.7 billion. The last three months, foreign portfolio investors (FPIs) pulled out of Indian markets — Rs. 50,000 crores more than the combined withdrawal of the previous nine months. As the weakened rupee made imports more expensive, the rise in crude oil prices worsened things. Brent crude prices, which hovered around $80 a barrel in early 2022, shot up to $128 a barrel in the wake of the Russian invasion. The heat of the Russo-Ukrainian war is now reaching citizens in India and around the world. This article is an overview of the aftermath of the Russia-Ukraine war on the Indian economy.

Publisher

IGI Global

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5. A Study on Evolutionary Technique to Predict the Sales During COVID-19

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