Ukraine war to result in 1.3% lower GDP growth for India, says World Bank official
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Russia's war in Ukraine is likely to result in a significant 1.3 per cent lower GDP growth for India and 2.3 percentage point lower income growth, a top World Bank official has said, even as the lending agency observed that India is emerging strongly from the COVID-19 crisis. The World Bank in its latest South Asia Economic Focus report said that the estimated growth for India in the fiscal year 2021-2022 is 8.3 per cent.
