India’s No.1 Educational Institute Launches a course on ‘Out Of The Box Thinking’
EDUMYRA | 04/Jul/2022IIT Madras has launched a course for students which will be helpful in motivating and inspiring young minds.
Read moreWith the killing of Qaseem Suleimani, General of Iran, US-Iran war can be on the verge of erupting into a global economic crisis.
Iran is world’s 5th largest Crude Oil producer in the world, Crude oil which is often termed as black gold in the international market, can affect the world trade at a massive level. With the killing of Qaseem Suleimani, General of Iran, US-Iran war can be on the verge of erupting into a global economic crisis. Qaseem Suleimani was the general of Iran, and was second most powerful person in the country; he was the person responsible to eradicate ISIS out of Iran.
U.S. and its allies could face a devastating effect on their respective economy on the full blown war between US-Iran. Moreover, the Iranian regime’s survival is more threatened by an internal revolution than by a full-scale war. Because an invasion of Iran is unlikely, the regime could survive a war (despite a very damaging aerial bombing campaign) – and even benefit as Iranians rally around the government, as they briefly did in response to the killing of Suleimani. Conversely, a full-scale war and the ensuing spike in oil prices and global recession would lead to regime change in the US, which Iran badly desires. Iran not only can afford to escalate, but it has all the incentives to do so, initially through proxies and asymmetric warfare, to avoid provoking an immediate US reaction.
Effects likely to rise on the full-blown War between US-Iran
Effect on Indian Economy
Indian economy with the world is facing a slowdown in the economy; India has recently hit lowest GDP growth in the past 11 years. India has significant interests in the Persian Gulf region, but it appears to have dealt itself out of the game by tamely skewing its Middle East policy in favor of the informal US-Saudi Arabia-Israel coalition. Iran was given short shrift as New Delhi went along with Trump’s ‘maximum pressure’ policy on Iran.
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IIT Madras has launched a course for students which will be helpful in motivating and inspiring young minds.
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