82.jpeg)
Amid high oil prices, global rating agency Moody’s has cut its forecast for India’s GDP growth to 9.1% for the fiscal year 2022 from 9.5% earlier. Moody’s said Russia-Ukraine conflict will hamper economic growth around the world, including India. For India, which is a net oil importer, high energy and commodity prices will hurt the government’s finances. Additionally, for the fiscal year 2023, the rating agency has cut growth projections for India by 10 basis points to 5.4%.
Editor In Chief : Dr Dhimant Purohit
Know your world in 60 words - Read News in just 1 minute
Hot Topics
Select the content to hear the Audio
