A Study of Impact of Russia - Ukraine War on the Indian Economy

Dr. Manjusha Goel

Abstract: Every geopolitical crisis has a rip-off effect on the Indian economy since the world is so intertwined. The consequences of the Russia-Ukraine conflict this time could be ambiguous. According to some experts, India may benefit from the situation. Russia is the world's third-largest crude oil exporter, and China's stockpiles are significantly reliant on Russian supplies. If China?s supply and manufacturing sectors are disrupted, Indian enterprises may benefit because India is viewed as the next best low-cost manufacturing base after China. The same is true for iron, steel, and other basic metals. A lengthy conflict in the Black Sea region and increased sanctions against Russia raises the potential of global economic disruption - and India will not be spared. For this study data has been collected through secondary sources like news, articles etc. The motive of this study is to study positive and negative impact of war on the Indian economy.

Keywords: Russia, Ukraine, War, Crude Oil, Economy, Inflation, Investors