India
War situation in Gulf starts severe negative impact on Indian economy
New Delhi: The war situation in the Gulf has started having a severe negative impact on the Indian economy.
According to Kashmir Media Service, a report by a global news agency said that foreign investors are withdrawing capital from Indian bonds and the stock market at a record pace.
The news agency said that since the start of the war, investors have withdrawn a total of $12.14 billion from India.
The report said that due to the Gulf tension, there is a risk of further increase in inflation in India due to the increase in oil prices in the global market.
The Indian rupee has weakened by about 4.2 percent since the start of the war.
