edited by Kshitiz Kant and Priya Bhatt
After the chemical attack in
the burning Syria under civil war, the American president, Donald trump spent 4
billion rupees in the air strike of a few minutes.
Many bases of Syrian
government were targeted by 59 cruise tomahawk missiles which have the value of
3 billion and 54 crore rupees.
While Syria on Friday
condemned the American strike as “a disgraceful act,” news agencies reported. A
statement from Assad’s office said the cruise missile strike was the result of
“a false propaganda campaign.” Syria has denied that it possesses chemical
weapons.
According to Market watch website, the cost price of a tomahawk
missile is 10 lakh dollars means 6.5 crore in Indian currencies, so the cost
price of 59 missiles are 3 billions 54 crore.
The missiles were being
fired over target from USS Porter and USS Ross bases. The experts said America
has lost its nearly 4 billion Rs in firing so many missiles. It was a big
decision of American president after taking charge.
The global market declined as the news broke of American attack
over Syria. the worldwide stocks, commodities and currency market swiftly
slumped. The returning of global markets to a normal state will depend over the
international community’s future reaction.
Asia pacific index 0.2%; Tokkyo Bazaar, 0.5%;Hong Kong; Australia;
Taiwan; Indonesia; and markets in Asia were seen slumped swiftly after the
attack on Syria.
Heavy price rise in the
stock of rethian, a builder company of tomahawk missiles, was seen after the
attack.
The stock price of Rethian was seen increased more than 1 percent
in a day. America’s budget in financial year 2017 has the provision of buying
4000 tomahawk missiles.
Moreover, America has planned of buying this missile more in
numbers during years 2018 after this attack.
The demand of gold and silver after the surfacing of America’s
attack over Syria soared, which resulted of price rising in global market.
0.99% in gold and .93% in silver price
increased in global market. Actually, the investors, seeing the heavy fall of
market, to safe themselves from the adverse of declining began to consider worthwhile
money into gold and silver, which did price rise.
A big boom came in the petroleum products after all countries
reaction -- Russia, Britain, France, Israel, Saudi Arab and China -- over the
Syrian attack. The crude oil price rise in global market was seen increase more
than 1.2 % in price.
The price rise in
global market affects over India too. The burden grows over the economy of
crude oil importing countries. The least
cost price 33.62 dollars have rose up to maximum 140 dollars. The recession in
global market will affect India. Moreover, the Indian economy will have bear
more burden if the petroleum prices are raised, which will affect in
development rate.
