russia ukraine crisis - impact on india

Russia-Ukraine crisis – Impact on India

A rise in crude oil prices means petrol and diesel prices may increase, which can result in price rise of everyday commodities such as grains and vegetables because of the rise in the cost of transporting these commodities. This can increase inflation, which is already on the rise even before the Ukraine crisis due to the covid pandemic. So, a further increase in inflation can affect the Indian economy negatively.
unicorn

Unicorn

As the startup ecosystem is now more supportive, there is also a flywheel effect, which means employees in the startups are coming out after gaining some experience to launch their own startups. Moreover, now we have more experienced mentors.
cashless society

Cashless society

Eliminating cash completely may worsen the situation of some people such as poor people, digital illiterates etc. Moreover, it can be a threat to the right to privacy. So, a completely cashless society is not a good idea, at least for now.