Effect of Ukraine-Russia conflict on Indian economy
Economy
The Russia-Ukraine conflict has been continuing and persistent since February 2014 over geopolitical considerations, and the situation has now turned perilous. Among Asian markets, Indian markets took the worst of the damage. All of the sectors indexes are down 3.5-5.5 %, with auto, bank, FMCG, oil & gas, metal, IT, power, and realty all in the red. The BSE midcap and small cap indexes are both down by more than 5%. In fact, in the first hour of trading, the market capitalization of BSE-listed businesses was reduced by $103 billion.