How has inflation hit Turkey after supporting Pakistan against India? Currency is falling, people facing problems in…

Turkey supported Pakistan during the Indo-Pakistan conflict. Since then, a boycott campaign is going on in India against Turkey’s products under the leadership of Zee News. Now it seems that Turkey’s economy may also lag behind like Pakistan and Gaza in the coming times. Today, Turkey’s economy is going through the most serious economic crisis in its history.

Turkey has the highest inflation in Europe today. Whereas Turkey is at number six in the world in terms of inflation. The inflation rate in Turkey is around 38 percent. Whereas in India today the inflation rate is slightly more than 3 percent (3.16). If we compare the inflation of India and Turkey, then the inflation rate in Turkey is 12 times more than India.

In 2023-2024, there was an annual trade of Rs 88 thousand 6 hundred 55 crores between India and Turkey. If this trade decreases after the boycott, then the income of the people in Turkey will directly decrease, and due to the decrease in imports from India to Turkey, the prices of products in Turkey will also increase. Another important reason for the increase in inflation in Turkey is the continuous fall in Turkey’s currency Lira.

Currently, the cost of living in Turkey is about 97 percent (96.9%) higher than in India and the rent of living in Turkey is 200 percent (203.5%) higher than in India. That is why if India’s campaign against Turkey continues, the situation in Turkey will deteriorate rapidly.

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