Is Europe +1 the new China +1?
Tuesday, Sep 13, 2022
Another example is of chemical Sector. Many big chemical players have confirmed that they have already started experiencing a hit. Plants like Melamine, Caprolactam, methanol, etc are running at low capacity in Europe. Aarti Industries, which uses nitric acid as its raw material have shielded itself from the disruption by announcing the setup of the nitric acid plant.
All in all, Europe began to record a record high inflation at the beginning of the Russia-Ukraine war. The permanent shutting off of Nord Stream 1 along with the incoming winter has exacerbated the problem. Thus high gas prices and inflation all across Europe might scare off investors. Although it is one perspective things might work out in India’s favor if investors are sufficiently attracted to investing here.
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