What are the economic impacts of the Blast near Israel embassy in India

The blast near the Israel embassy in India has had several economic impacts:

• Decrease in tourism: The incident has created a sense of insecurity among tourists, both domestic and international. This has resulted in a decline in the number of visitors to the area surrounding the embassy, impacting the tourism sector's revenues.
• Drop in foreign investments: Such incidents can shake investor confidence and deter foreign companies from investing in the affected region. The blast near the embassy may lead to a decrease in foreign direct investments (FDI) and a slowdown in economic development.
• Disruption of businesses: The blast has disrupted businesses located in the vicinity, as the area might have been cordoned off for investigation purposes, hindering normal economic activities. This could lead to financial losses for businesses, especially those relying on foreign clientele.
• Increase in security costs: Following the incident, there will be a need to bolster security measures, involving increased costs for businesses and the government. This expense can put additional pressure on already strained budgets.
• Impact on bilateral trade: The incident may strain diplomatic relations between Israel and India, potentially affecting bilateral trade activities. Uncertainty and tensions could lead to delays, restrictions, or a decline in trade volumes between the two countries.

Overall, the blast near the Israel embassy in India has caused disruptions in economic activities in the area, impacting tourism, foreign investments, businesses, security costs, and bilateral trade.