00:00 On our economy, are there certain ripples that we should be bracing for?
00:07 Yes, there was a meeting yesterday and we did look at the, discuss about the impact on the economy
00:17 but so far there's hardly any impact because there has been no major disruptions in the supply chain.
00:26 Oil has increased a bit but we don't know if that's just an initial reaction but the impact is so negligible.
00:35 I guess the question is whether, will it spread, will the conflict spread and that's another matter
00:41 because then if it gets into the supply chain affecting the global movements of trade
00:50 then the effects can be even more substantial but as of this date, you don't see any major impact on the economy.
01:00 But should it be the protracted war that everyone's worrying about?
01:06 Will there be or will there be an impact on the economy?
01:09 We had very little exposure with both Israel and Palestine in all dimensions
01:18 whether it's labour employment or trade or investment or, no.
01:24 Unless that is spilled into the other countries and it affects the supply of oil,
01:32 then there will be an impact on us but as of now, we are not seeing that.
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