Crippling Impact Of Russian Invasion To Be Felt In India; Check Out Reasons
The Russia-Ukraine crisis will dent India's household budget. The first day of the conflict has already skyrocketed the fuel price. It will come as a setback to Indian consumers as Putin's military action will end the short respite in local fuel prices. It needs to be mentioned here that there has not been any hike in fuel prices since November.4 World diplomacy has failed to deter Putin from his plan of invading Ukraine. This will naturally soar up oil and gas prices putting pressure on India's oil-importing budget. Finance minister Nirmala Sitaraman warned that the global crude oil price hike will negatively affect India's financial stability. After attending the FSDC meeting she warned that the Centre was considering certain options to deal with the emerging situation. As ...
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