As we all know the current situation going on between Russia and Ukraine
How will this war impact India ?
India imports more than 80% of its oil requirement, Russia Ukraine war can lead to rising in oil prices
This war will have a direct impact on the freight movement because of which food items such as fruits, vegetables, oil, and pulses, are likely to be expensive.
If the sanctions against Russia continued and metal imports are banned, it will result in a major economic problem for India.