... is one of the largest economies in the world, and military conflict would impact global supply chains and financial markets (investors shy away from risk, pulling capital out of the region amid the threat of war). Oil prices rise in anticipation of supply ... ... escalation, new military projects are announced by both countries. For instance, following the 2019 crisis, India rapidly procured Russian S-400 air defense systems, French precision missiles, and accelerated the outfitting of its air force with modern fighters....