As tensions escalate between Iran and Israel, I thought of sharing a few interesting facts about these two countries, not related to the war, but still worth knowing!
Size Comparison
- Iran is half the size of India. India spans 32,87,000 sq. km, while Iran covers 16,48,000 sq. km.
- Israel? It’s just a little smaller than Meghalaya — about 22,000 sq. km.
- In fact, Iran is 75 times bigger than Israel by land area!
Population
- Iran has a population of around 9 crore (90 million) — that’s roughly 6% of India’s population.
- Israel’s population is approximately 90 lakh (9 million) — similar to that of Jammu & Kashmir!
Distance Between Them
- The two countries are about 1,500 km apart, roughly the distance from Bangalore to Indore.
GDP Snapshot
- Iran’s nominal GDP: approx. USD 400 billion
- Israel’s nominal GDP: approx. USD 500 billion
- Israel, despite its smaller size, has a higher GDP than Iran. India’s GDP is 8-10 times bigger than both countries.
Main Sources of Income
- Iran: Predominantly from oil and natural gas exports.
- Israel: Driven by high-tech industries, electronics, defence technology, and innovation.
India’s Trade with Them
- With Iran, India enjoys a trade surplus.
- Exports: ~USD 1.20 Billion
- Imports: ~USD 0.70 Billion
- With Israel, India has a largely balanced trade.
- Exports: ~USD 2.3 billion
- Imports: ~USD 2.0 billion
India’s Political Relationship
- India maintains a carefully balanced relationship with both countries.
- We value Iran for its strategic location and energy, and Israel for its technology and defence collaboration.
- In short: We want both!
What is the impact on India from the Iran–Israel conflict?
- (a) Rise in Oil Prices – This can lead to higher inflation in India, increasing household and business expenses.
- (b) Trade and Shipping Disruptions – Escalating tensions may raise freight and insurance costs, reducing profit margins for Indian exporters and importers.
- (c) Safety of Indian Nationals – Ensuring the safety of Indians living or working in both countries becomes a critical concern for the Indian government.
Simplified Laws Guide to Taxation and Legal Concern
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