International tensions make Indian share markets fall, up fuel prices and rupee goes down - not good signs !
By Ptrikha_2
@ptrikha_2 (45617)
India
January 6, 2020 8:33pm CST
Well, due to the recent US-Iran tensions, and some irresponsible statements by Trump like targeting cultural sites, which even UN could object to, the Indian economy (and perhaps many others) are feeling the brunt.
Share markets down.
Rupee depreciating vs Dollars.
Fuel prices up.
With economy already under probable recessionary pressures, this is not a good sign.
Hopefully, sanity prevails and not conflict!
8 people like this
9 responses
i@ptrikha_2 (45617)
• India
7 Jan 20
@DianneN
Self defense and caution is welcome but undue belligerence and aggressiveness is not useful.
1 person likes this
@arunima25 (85871)
• Bangalore, India
7 Jan 20
Yes it's not a good sign. Hope things do not end up in a war. US and Iran have been in such tensed situations earlier too but they traced back from a war. It will effect the entire world and global economy as such is going a sluggish phase.
1 person likes this
@ptrikha_2 (45617)
• India
7 Jan 20
@arunima25
A bigger conflict would put the global economic growth in much more dire straits.
1 person likes this
@ptrikha_2 (45617)
• India
12 Jan 20
@arunima25
Yes, because if a war occurs, there would be more destruction and factors leading to more anarchy, rather than peace.
1 person likes this
@marguicha (216351)
• Chile
7 Jan 20
We have the same problem in Chile. I don´t know what will happen.
1 person likes this
@ptrikha_2 (45617)
• India
7 Jan 20
@marguicha
Yes, lines are getting blurred in the current times.
1 person likes this
@ptrikha_2 (45617)
• India
8 Jan 20
@marguicha
Yes it is the fighting soldiers and common civilians bear the maximum brunt of conflicts.
1 person likes this
@RasmaSandra (74114)
• Daytona Beach, Florida
7 Jan 20
All we can do is pray and hope that things can be settled in a peaceful manner.
1 person likes this
@ptrikha_2 (45617)
• India
7 Jan 20
@RasmaSandra
Yes, let us hope that things do not deteriorate further.
1 person likes this
@ptrikha_2 (45617)
• India
7 Jan 20
@Luap1050
But if a worldwide conflict starts, your won't be able to travel much.
1 person likes this
@ptrikha_2 (45617)
• India
8 Jan 20
@Luap1050
They had to show anger and retaliation.
1 person likes this
@happylife1 (13404)
• Karachi, Pakistan
7 Jan 20
Pray for peace.... Some idiots should be punished by it's nation
1 person likes this
@ptrikha_2 (45617)
• India
8 Jan 20
@kepweng
Well India has overall followed a friendly policy towards most countries. So India has had good relations with both Iran and US but aggressiveness towards countries which cause disturbance within India.
@TiarasOceanView (70035)
• United States
7 Jan 20
It is a very concerning time in history.
1 person likes this
@ptrikha_2 (45617)
• India
7 Jan 20
@amnabas
Yes and countries which are already impacted by economic problems.
@yoalldudes (35040)
• Philippines
7 Jan 20
Life is hard as it is. I hope peace wins!
1 person likes this
@ptrikha_2 (45617)
• India
7 Jan 20
@yoalldudes
Yes because conflict retards growth and not helpful to anybody.
