New Delhi: The ongoing conflict in the Gulf region has started to negatively impact the Indian economy, increasing uncertainty in financial markets.
According to a report by an international news agency, foreign investors are rapidly withdrawing investments from Indian bonds and the stock market, putting additional pressure on the markets.
The report states that since the beginning of the conflict, investors have withdrawn a total of $12.14 billion from India, reflecting a significant shift in investment trends.
It further highlights that rising oil prices in the global market due to Gulf tensions could lead to higher inflation in India, increasing financial pressure on the public.
According to the agency, the Indian rupee has weakened by approximately 4.2 percent since the start of the conflict, indicating instability in the currency market.
