Indian government loses $83 billion in war-madness, Reuters

According to a Reuters report, the growing political tension and war measures in India have made foreign investors wary of the Indian stock market, resulting in billions of dollars in losses to the Indian economy.
According to the report, further retaliatory measures by Pakistan are possible in response to the war policies of the Indian government, which could lead to a prolonged and full-scale war. Avinash Gorakshakar, a leading analyst, said that Pakistan’s retaliatory measures could be very important in terms of India’s war strategy and these measures could have an impact not only on both countries but also on the entire region.
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Indian stock market indices fell by about 0.5 percent on Thursday, bringing the total decline this week to about 1.3 percent. A total of 12 out of 13 major sectors in the Indian stock market have fallen due to which, investors are adopting a more cautious attitude, and foreign investors have expressed their concern about the Indian stock market.
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The market has witnessed a sharp decline in the last two trading days, due to which investors have lost a total of about Rs 7 lakh crore. On Friday, the Nifty index of the National Stock Exchange (NSE) closed at 24,008, down 265.80 points, or 1.10 percent. The Bombay Stock Exchange (BSE) Sensex also fell 880.34 points, or 1.10 percent, to 79,454.47. This was the second consecutive day of decline in the market. In the last two sessions, the Sensex has lost a total of 1,292.31 points, or 1.60 percent.
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Foreign investors say that the Indian government’s war measures and rising tensions in the region have increased risks for the Indian stock market. Investors have serious concerns about the future of the Indian economy, and they cannot ignore the fact that the cost of war madness could have serious consequences not only on human lives, but also on the Indian economy.
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