Скачать или смотреть How will the West Asia conflict impact the global and Indian economy?

Western Asia is once again mired in geopolitical tensions. Earlier this week, Iran launched approximately 180 ballistic missiles at Israel, specifically targeting military bases and security installations in direct retaliation for Israel’s killing of Hezbollah leader Hassan Nasrallah in an airstrike on Beirut on September 27.

This long-standing conflict in West Asia has prompted countries around the world, including India, to consider its impact on the global economy.With concerns that the ongoing conflict in West Asia could impact global crude oil prices, the International Monetary Fund (IMF) has warned that a prolonged conflict may disrupt oil flows.

This, in turn, could drive prices higher and intensify inflation fears, potentially further destabilising the global economy.For India, the stakes are particularly high.With the country importing over 80 percent of its crude oil requirements, a prolonged conflict could disrupt energy flows, driving oil prices higher and posing significant inflation risks.

The Iran-Israel conflict has already impacted the Sensex and Nifty. If the conflict escalates further, challenges for the Indian stock market could increase significantly.If the West Asia conflict extends further, it could severely impact international trade, posing a significant threat to the global economy.Geopolitical tensions and economic uncertainty may lead to tightened policies, affecting global markets, particularly in emerging economies like India.

Video: PTI

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