Impact of Russia-Ukraine War on the Financial Sector of India

Abstract

The war between Russia and Ukraine began on February 24, 2022, and it has had a significant influence on the Indian economy. Different foreign companies functioning in Russia have stopped facilities owing to the crisis. Examples include PayPal, McDonald’s, and Disney, among many others. Thus, this study looks into the Russia-Ukraine crisis and how it affects India’s financial sector. The Objective of this study is to study the impact of the war crisis between Russia and Ukraine, to determine the effects of the Russia-Ukraine war on the financial sector of India and to identify the factor which carries an impact on the financial sector of India. Descriptive in nature, the research relies heavily on government publications and papers from public and private sector organisations in India to gather data for the study. Articles, journals, and the internet were used to acquire data. The findings of this study are explained in terms of the Nifty 50’s movements and their link to important events in the conflict between Russia and Ukraine.

Keywords: Russia-Ukraine War, Financial Sector, India, Nifty, Stock, Bank, H56, N4, E31, F51, O47

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