Russia-Ukraine War Impact on India: ‘Surge in oil prices – Crisis pose considerable risks’

ussia-Ukraine War Impact on India: Russia’s attack on Ukraine has invited reactions from leaders of various countries across the world as it has started showing its impact on different economies of the world. Amid Russia-Ukraine war and the worsening crisis, a question is rife – What will be the impact of Russia-Ukraine war on India. The question is quite pertinent as India is one of the fastest growing economies in the world..

According to a report by Bank of Baroda – Authored by Economist Aditi Gupta – “Uncertainty over the crisis has roiled global markets.”

Impact on oil prices: Highest level since Sep’14

Bank of Baroda in the reprot titled – Impact of Ukraine crisis on India – says, “Apart from the humanitarian impact of war, economic impact is also estimated to be large. Global
stock markets and currencies have fallen sharply. Demand for safe-havens such as gold has risen. Treasury yields across the world are also lower. Oil prices are at the highest level since Sep’14. “

Russia-Ukraine War Impact on India


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