Business

Pakistan’s Retaliation Sends Shockwaves Through Indian Markets, \$83 Billion Wipeout Reported

New Delhi:In the aftermath of Pakistan’s strong military response, **India’s stock market suffered a massive blow**, incurring an estimated **loss of \$83 billion**, as foreign investors expressed deep concerns over the escalating tensions.

A sense of panic persisted across Indian financial markets, with **12 out of 13 major sectors** experiencing a significant downturn. Stock prices across almost all segments saw sharp declines, reflecting investor unease.

Additionally, the **Indian rupee depreciated** further, compounding economic concerns.

Economist **Avinash Gorakshakar** warned that continued retaliatory measures from Pakistan could potentially escalate into **a full-scale conflict**, putting the **Indian economy under even greater pressure**.

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