BHarwana
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If USA exempts Iran from the sanctions and stops trade war this will not happen but if USA continuous on its path first wave will hit on August 6th. Because of this irani currency is crashing already and India will follow. India will shift oil purchase on August 6th and the credit limit of Iran will go away which means direct payment for oil and economy will start to feel the burden. Indian shift will increase the oil prices and Indian economy will start facing inflation. This will continue to rise dollar price and this will make investors to ditch stock exchange and start collecting dollars. This will further increase the price and worsen the situation. So it is best for Indians to buy dollars now and export all they could cheaply at this very moment. Yes this would hurt economy but will save individual skins.
The volume of indian economy is large enough to absorb this but it will be costly for India and any mismanagement could lead to recession.
What if it doesn’t happen?
The volume of indian economy is large enough to absorb this but it will be costly for India and any mismanagement could lead to recession.