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Abstract
The Middle East, a region plagued by protracted conflicts, remains critical to the global economy due to its dominance in oil production and geopolitical significance. This paper investigates the economic repercussions of Middle East conflicts on India, a country heavily reliant on oil imports and with significant diaspora employment in the Gulf. The study examines the short- and long-term effects of disruptions in crude oil prices, remittance inflows, trade balances, and investor sentiments on the Indian economy. Recommendations for mitigating these impacts are also proposed, emphasizing policy-level interventions to strengthen energy security and economic resilience.
Keywords:
Keywords: Middle East conflict, Indian economy, crude oil prices, remittances, energy security
Cite Article:
"The Impact of Unified Payments Interface (UPI) on the Indian Economy", International Journal of Science & Engineering Development Research (www.ijrti.org), ISSN:2455-2631, Vol.10, Issue 1, page no.a656-a661, January-2025, Available :http://www.ijrti.org/papers/IJRTI2501080.pdf
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ISSN:
2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator