Simplified Laws Guide to Taxation and Legal Concern 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.
Let us hope that this conflict comes to an end very soon. Across the world, there is already too much war and unrest, deeply disturbing normal daily life and creating continued uncertainty for humanity as a whole.
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