Impact of Israel Palestine War on Indian Economy

India Imports a large amount of Crude oil than its export to other country fulfills as much as 85% of its energy needs through imports may see a heavier import bill if International crude oil prices keep rising throughout the year If such things goes on India's trade trading of crude oil will be reduced India has to import more oil If Imports will not done proper way supply of oil will not be supplied in country because of that Indian Economy will be affected badly it's badly effect earning in India as many people use private vehicle local vehicle if oil price Increases fair of local transportation will also Increase further Impacting Currency adversely and affecting the profit margins of Sectors such as aviation, paints, tires and chemicals The Current geographical conflict in the middle East due to the ongoing war between Israel and Palestine Terrorist group Hamas has brought fresh global problem for the Indian Economy Ever Since the war broke out earlier International Crude oil prices have risen over 5% and US Bond yields have broken the law.