Key Points
What will be the impact of a polycrisis on the Indian stock market and economy?.
If Iran, Egypt and Syria were to join this religious war, the price of crude oil may spin out of control..
The World Economic Forum's Global Risks Report 2023 uses the term 'polycrisis' to explain how 'present and future risks can also interact with each other to form a 'polycrisis' - a cluster of related global risks with compounding effects, such that the overall impact exceeds the sum of each part'..
With requirements exceeding more than 5 million barrels per day, a rise in crude price will impact the exchange rate and the real economy..
With a slowing down of demand in China and more oil hitting the world market, the oil price may not cross the danger limit..
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