Two major narratives in India
The ongoing war between America and Israel against Iran has stopped, but two different viewpoints are developing on this in India. One view is that India is not like Pakistan and Pakistan is only playing the role of a middleman. Efforts are being made to spread this idea on every platform. However, Pakistan’s activities are strengthening its position in Muslim countries. On the other hand, it is being said that this conflict had no impact on India. It is being propagated that India is safe because of Prime Minister Narendra Modi’s diplomacy and energy security, and during this time many Indian ships passed through the Strait of Hormuz.
face reality
However, the reality is different. This conflict has had a deep impact on India, which is clearly visible. If this had not happened, Petroleum and Natural Gas Minister Hardeep Singh Puri would not have visited Qatar and Foreign Minister would not have visited UAE. It is clear that the oil and gas shortage in India is serious, and this crisis may continue for a long time. The conflict in West Asia has affected all regions of India, and there are many examples of this in the media.
decline in economic growth
Recently the World Bank has reduced India’s GDP growth estimate from 7.2% to 6.6%. Goldman Sachs had already cut it to 5.9% from 7%. After this, Ernst & Young has also reduced the growth rate by 1%. The Reserve Bank of India has also reduced its estimate from 7.2% to 6.9%. These figures show that the growth rate has declined, yet in India it is being said that the conflict in West Asia has no impact.
Inflation and impact on industries
India’s GDP is approximately Rs four trillion. A decrease of 1% in this means a decrease of Rs 4 lakh crore. Despite this, if the government says that the war has no impact, then it is worrying. Recently, there has been a huge increase in the prices of commercial gas cylinders, leading to the closure of hotels and restaurants. Gas inflation has affected the jobs of millions of people.
Impact on small manufacturing units
According to a report, more than 50,000 small manufacturing units in the country have been affected, and around 20,000 factories have been closed. Work has come to a standstill in factories producing clothes, chemicals and plastic products in various states. Work has also stopped in exporting factories, as the supply of raw materials has reduced and shipping has become expensive.
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