| Summary/Abstract |
A prolonged conflict in the Black Sea region and sanctions against Russia raise the potential of global economic disruption – and India will not be spared. India is already feeling the pinch from rising global crude oil prices (about $110-120 per barrel, up from $70 in early November), as well as rising mineral, metal, and edible oil costs, pointing to a likely scenario of high inflation and low growth – stagflation. Russia buys shrimp as well as cephalopods such as octopus, squid, and cuttlefish, from India.
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