As 2023 comes to end, here's a look at ongoing conflicts across the globe and how they are casting a shadow over the global economic landscape, affecting various sectors, including Indian economy.*Impact on Global Economy:*_Energy Markets:_The tensions in Ukraine raise concerns about disruptions in the supply of Russian natural gas to Europe, potentially causing volatility and upward pressure on global energy prices._Global Trade:_Instability in the Middle East poses risks to global trade, impacting shipping costs, supply chains, and investor confidence, leading to decreased global trade volumes and economic growth._Investor Confidence:_Uncertainty from these conflicts affects investor sentiment globally, triggering risk aversion, capital flight, and fluctuations in financial markets, hindering global economic growth.*Impact on Indian Economy:*_Energy Prices:_India, a major energy importer, remains vulnerable to fluctuations. Any disruption in energy supply could impact India's import bill, leading to higher inflation and fiscal pressure._Trade Routes and Costs:_Potential disruptions in shipping lanes could challenge India's trade, affecting exports and imports, impacting the balance of trade and economic growth._Investor Sentiment and Markets:_Conflicts abroad influence investor sentiment in India, causing volatility in domestic markets, impacting stock prices, currency valuation, and overall investment climate._Key Statistics:_Between April and September 2023, 44% of Indian oil imports were from West Asia.The World Bank forecasts India's growth rate at 6.3% in 2023-24, down from 7.2% due to global headwinds.The RBI predicts crude prices at $85 a barrel in 2024-25, with a 10% jump impacting inflation by about 30 basis points and growth by about 15 basis points.Follow ABP Live for more as we bring you year-end wraps reflecting on major events that made it to the headlines in the year that was.