If war starts between Iran and America, India to lose millions of dollars
Friday - January 10, 2020 12:02 pm ,
Category : WTN SPECIAL
Concern for the safety of millions of Indians living in the Gulf countries
Continued tension in the Gulf impacts the Indian economy
JAN 10 (WTN) – Tension between the US and Iran is at its peak. Any mistake done by Iran can start a war once again in the Gulf. As you know, the US had killed Major General Qasem Soleimani of Iran in a drone attack on the grounds that Soleimani was involved in planning to assassinate American civilians and soldiers. The assassination of Qasim Soleimani was nothing short of a major setback for Iran. After Soleimani’s assassination, Iran had taken a vow of revenge from America.
To avenge the death of Soleimani from the US, Iran fired more than two dozen missiles targeting Iraq's US airbases and claimed that around 80 US soldiers were killed in the attack. The whole world was apprehensive after Iran's claim that if 80 US soldiers were killed in the Iran attack, then the US would avenge it. However, US President Donald Trump later rejected Iran's claim that 80 US soldiers were killed in missile attacks.
By the time this article is being written, the tension between the US and Iran is at its peak, but the declaration of war has not been made from either side. But the kind of tension between the two countries, it seems that if there is a war between the two countries, it will affect the entire area of the Gulf. Indeed, many countries in the Gulf region have US airbases and military bases. If war breaks out between Iran and America, it is natural that Iran and its allies can attack these countries as well. In such a situation, the Indian Government has started worrying about the Indian people living in the Gulf. On the other hand, if there is a war in the Gulf once again, it will cause a loss of thousands of crores of dollars to India.
Worried over the growing tension between Iran and America, the Modi Government has deployed its naval warship to protect its trade route and deal with any kind of emergency in the Gulf region. In fact, if a war breaks out between Iran and America, it will make India's trade route unsafe. At the same time, tell that Indian people live in the Gulf area in lakhs, so if there was a war in the Gulf, then millions of people could be trapped there.
For your information, let us know that according to one figure, about 75 lakh people of India live in Gulf countries. If there is any instability in the Gulf, it will affect the Indian people. Let us know that even in the early 90s, India has faced the Gulf crisis. Let us tell you that in 1990, America attacked Iraq, after which thousands of Indians living in Iraq were trapped there. The Indian government had to carry out a major operation to save the Indian people living in Iraq, after which the Indian government had safely airlifted 1.10 lakh people from Iraq.
However, Iran is very weak to face US military power, and it is expected that there will be no war between the two countries. Nevertheless, the ongoing tension between the two countries is also hurting the Indian economy, which is currently facing a global economic slowdown. Actually, the ongoing tension between Iran and the US is increasing the prices of crude oil which is impacting India. Due to expensive oil, India is spending its precious foreign currency on it, in such a situation; the ongoing tension in the Gulf is having an adverse effect on the Indian economy.
If there is a war in the Gulf, the Indian people living in the Gulf countries will have to return which will put additional pressure on India. For your information, let us know that India receives about 40 billion dollars or about 2,859 crore rupees of foreign capital every year from Indian people living in the Gulf countries. Explain that fifty percent of India's total foreign deposits come from West Asia. It is natural that if Indians living in Gulf countries come back, then India may have to suffer a huge amount of foreign exchange loss.
At the same time, if there is a war in the Gulf once again, it will hamper the supply of crude oil to India and it will increase the price of crude oil a lot. Also, if the Indian people living in the Gulf countries turned to India due to the war, then at such a time India will also lose foreign currency. That is if there is a war between Iran and America, then it will be a big blow to India's economy already facing a global economic slowdown.
JAN 10 (WTN) – Tension between the US and Iran is at its peak. Any mistake done by Iran can start a war once again in the Gulf. As you know, the US had killed Major General Qasem Soleimani of Iran in a drone attack on the grounds that Soleimani was involved in planning to assassinate American civilians and soldiers. The assassination of Qasim Soleimani was nothing short of a major setback for Iran. After Soleimani’s assassination, Iran had taken a vow of revenge from America.
To avenge the death of Soleimani from the US, Iran fired more than two dozen missiles targeting Iraq's US airbases and claimed that around 80 US soldiers were killed in the attack. The whole world was apprehensive after Iran's claim that if 80 US soldiers were killed in the Iran attack, then the US would avenge it. However, US President Donald Trump later rejected Iran's claim that 80 US soldiers were killed in missile attacks.
By the time this article is being written, the tension between the US and Iran is at its peak, but the declaration of war has not been made from either side. But the kind of tension between the two countries, it seems that if there is a war between the two countries, it will affect the entire area of the Gulf. Indeed, many countries in the Gulf region have US airbases and military bases. If war breaks out between Iran and America, it is natural that Iran and its allies can attack these countries as well. In such a situation, the Indian Government has started worrying about the Indian people living in the Gulf. On the other hand, if there is a war in the Gulf once again, it will cause a loss of thousands of crores of dollars to India.
Worried over the growing tension between Iran and America, the Modi Government has deployed its naval warship to protect its trade route and deal with any kind of emergency in the Gulf region. In fact, if a war breaks out between Iran and America, it will make India's trade route unsafe. At the same time, tell that Indian people live in the Gulf area in lakhs, so if there was a war in the Gulf, then millions of people could be trapped there.
For your information, let us know that according to one figure, about 75 lakh people of India live in Gulf countries. If there is any instability in the Gulf, it will affect the Indian people. Let us know that even in the early 90s, India has faced the Gulf crisis. Let us tell you that in 1990, America attacked Iraq, after which thousands of Indians living in Iraq were trapped there. The Indian government had to carry out a major operation to save the Indian people living in Iraq, after which the Indian government had safely airlifted 1.10 lakh people from Iraq.
However, Iran is very weak to face US military power, and it is expected that there will be no war between the two countries. Nevertheless, the ongoing tension between the two countries is also hurting the Indian economy, which is currently facing a global economic slowdown. Actually, the ongoing tension between Iran and the US is increasing the prices of crude oil which is impacting India. Due to expensive oil, India is spending its precious foreign currency on it, in such a situation; the ongoing tension in the Gulf is having an adverse effect on the Indian economy.
If there is a war in the Gulf, the Indian people living in the Gulf countries will have to return which will put additional pressure on India. For your information, let us know that India receives about 40 billion dollars or about 2,859 crore rupees of foreign capital every year from Indian people living in the Gulf countries. Explain that fifty percent of India's total foreign deposits come from West Asia. It is natural that if Indians living in Gulf countries come back, then India may have to suffer a huge amount of foreign exchange loss.
At the same time, if there is a war in the Gulf once again, it will hamper the supply of crude oil to India and it will increase the price of crude oil a lot. Also, if the Indian people living in the Gulf countries turned to India due to the war, then at such a time India will also lose foreign currency. That is if there is a war between Iran and America, then it will be a big blow to India's economy already facing a global economic slowdown.
