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India's economy could feel effect of US sanctions on Iran

Wed, Aug 08, 2018, 09:59 PM
US has imposed sanctions on Iran and there is huge nervousness in India about how these sanctions would have an affect on India's economy. Iran is having close ties with India and Iran's President Hasan Rouhani came to India in the month of February, while India's Prime Minister went to Iran couple of years ago as both these countries share a strategic as well as economic relations. India imports large amounts of its oil from Iran and it is said that India's ties with Iran are more than just economic.
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