EV registrations up by 163% in 2021 in comparison to 2020, with a total of 324,840 EVs registered in the year.
(Source- Nitin Gadkari, Minister for Road transportatoion, Government of India)
Nickel Prices- Pre war- approx.. $70,000 a ton Post war high- $101,365 a ton
(Source- London Metal Exchange)
Russian medical exports from India in 2020-21- $591 million Ukrainian medical exports from India in 2020-21- $182 million
(Source-Pharmaceuticals Export Promotion Council (Pharmexcil))
After years of skirmishes between Russia and its neighbouring country Ukraine, the former announced a military invasion of the latter on February 24, 2022. The invasion included targeted bombings, airstrikes and military advances by the Russian forces, leading to devastating images of destruction. Other than the significant damages incurred on assets in the region, the impacts of the conflict are more far-reaching and are not restricted to the region only. Global financial services providers like Moody’s and Goldman Sachs predict that the conflict is to dent the global economic expansion significantly in 2022. Indian economy is also positioned to feel the tremors of the collision up north.
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