Not just oil, the damage goes beyond that!
India faces a threat beyond oil due to attacks on Iran. ₹2 lakh crore worth of electronics imports to UAE, 90 lakh Indians in Gulf Money sent home will be at risk. There is a chance that the rupee value will reach 100% against the dollar. $19 billion fertilizer subsidy burden to be incurred if LNG is halted from Qatar. Due to increased gold prices, there will be an additional burden of ₹ 2.1 lakh crore on the government's gold bond reserves.
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