Russia-Ukraine war: The Indian Market will be hit drastically, says CAIT Convenor SK Jain

NOIDA (27/02/2022): On Saturday, Ten News spoke to the Confederation of all India Traders Convener Sunil Kumar Jain about the impact of Russia-Ukraine crisis on Indian traders.

According to Jain, “The Russia Ukraine war will drastically affect the Indian market, crude oil price is more than 100 dollars per barrel, it will result in hike in price of diesel and petrol, which will directly affect the prices of the basic amenities.”

“Noida is one of the biggest market of clothing, the clothes will get costlier, the gas prices will touch the sky, the vegetables will get costlier, everything which incurs transportation will get costlier, this will hit the Indian market much more,” said Jain.