The effect of Israel-Hamas war on India! Know the impact on our country's agriculture and exports

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Israel-Hamas war impact on Indian farming & export: The Israel-Hamas conflict that has been going on for more than 17 years now has turned into a war. Due to which both parties have suffered a lot. Due to which the trade has also been affected. Israel's agriculture and related industries have also had a devastating effect. India is an important trading partner of Israel. which deals mainly with non-agricultural producers. However, the impact of the current war will be less on it.

The conflict between Israel and Hamas has been going on since 2006

The Israel-Hamas conflict has been going on since 2006. But when Hamas took over the Gaza Strip in October 2023, the situation worsened. When on October 7, terrorists attacked Israel and Israel declared war in response. Due to which the current situation is very bad.

The role of agriculture in Israel's economy by 2020

Israel's population has almost doubled every year in the last ten years. While the contribution of agriculture sector to its GDP decreased by 1.1 percent in 2020 to 0.9 percent in 2021. Israel's economy depends on imports of major agricultural products such as grain and sesame.

What does India export to Israel?

India exports to Israel mainly agricultural products ranging from pearls, precious stones, automotive diesel, chemicals, mineral products, machinery and electrical equipment, plastics, textiles, base metals and transport equipment.

Impact of Israel-Hamas war on India

The impact of the Israel-Hamas war will be felt on India's exports to Israel. It will also decrease in the coming time. India is Israel's second largest trading partner in Asia and Israel's seventh largest trade partner globally.

Trade was also boosted by the establishment of political relations in 1992. Israel has established 30 centers in India to increase agricultural yield and productivity. A pilot project is underway in the field of smart agriculture. As such, a contract has been signed with Israel Elbit of Garuda Aerospace to develop drones for village topographic maps. It also has a 50:50 joint venture with Watergen of SMV Jaipuria Group for manufacturing and exporting water generators from India.

India has a positive export relationship with Israel. Major exports from India to Israel include petrochemicals, pharmaceuticals and various industrial equipment. While some Indian sectors such as diamond or aircraft manufacturing industries are partially dependent on Israeli imports. This war may affect him. However, the chances of its impact in the agricultural sector are less.

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