Indian Economy: Due to the ongoing war between Russia and Ukraine, a bad effect can be seen on the Indian economy. India's exports may decrease. At the same time, due to rising crude oil prices, the cost of companies will increase, due to which inflation may increase. Due to all this, the economic development of the country may decrease. Data and analytics company GlobalData has projected India's economic growth rate to decline by 0.1 percent to 7.8 percent between 2021-22.
London-based data analysis and the consulting firm have lowered growth forecast for the domestic economy, citing the impact on India's exports due to the rise in oil prices due to the ongoing Russia-Ukraine military crisis. Globaldata said in a statement that the rupee is expected to remain weak against the US currency while rising commodity prices will lead to inflation. However, the Indian banking sector will remain strong. "The ongoing military crisis between Russia and Ukraine will hurt India's exports and the rise in crude oil prices will lead to higher prices of raw materials and consumer goods," the statement said.
The company said that because of all these reasons, GlobalData has reduced the growth forecast of India's economy by 0.1 percent to 7.8 percent. Significantly, Ukraine and Russia together accounted for 2.2 percent of India's total imports in 2020. Globaldata has further projected that India's inflation rate will reach 5.5 percent in 2022, from 5.1 percent in 2021 due to geopolitical risks posed by the Russo-Ukraine war.
Royal celebration of Royal Challengers: Virat sang Victory Song by waving his hand in the air, along with background music with a spoon
Royal Challengers Bangalore team defeated Lucknow to win the Eliminator match of the playoffs. In such a situation, all the players of the team are seen immersed in the euphoria of victory. The video
Shubman Gill wreaked havoc with the bat in England, breaking Rahul Dravid's 23-year-old record.
Indian Test captain Shubman Gill made a historic record on English soil on 13 July. He broke the 23-year-old record of former Indian cricketer Rahul Dravid.
UGC Controversy: 'Taking decisions without consultation is a habit of the government,' Kapil Sibal said this about the UGC rules, and also commented on the RTI.
Amidst the ongoing controversy surrounding the UGC's parliamentary regulations, Rajya Sabha MP Kapil Sibal launched a scathing attack on the central government. He stated that the government's
Jolly LLB 3: 'Don't worry about us', Bombay High Court dismisses petition against 'Jolly LLB 3'
The Bombay High Court has dismissed a petition filed against actor Akshay Kumar's upcoming film "Jolly LLB 3." The petition alleged that the film mocks judges and lawyers, thus undermining the dignity
Revealed in leaked documents, secret plan in two parts: Russia wants to occupy Belarus by 2030, army will not be used
Russia, which attacked Ukraine on 24 February 2022, also wants to capture neighboring and friendly country Belarus by 2030. Ukraine's largest newspaper 'Kyiv Independent' has made this claim based on
Covid-19: Four new cases of 'suspicious' fever surfaced after North Korea declared victory over Corona
North Korea said on Thursday that four new cases of fever have been reported in one of its provinces bordering China, it may be a coronavirus infection. Whereas just two weeks ago, dictator Kim Jong
RBI launches pilot digital currency: No need to keep cash, CBDC wholesale starts with 9 banks
RBI launched the country's first digital currency on 1 November i.e. Tuesday. Currently, Central Bank Digital Currency (CBDC) has been issued under a pilot project. SBI, Bank of Baroda, Union Bank of
The decision of 16 gold medals in Commonwealth Games today: 9 matches of India, will take on PAK in badminton at 6.30 pm; Australia matches in women's cricket
After the opening ceremony of the Commonwealth Games, the matches will start on the first day on Friday. 16 gold will be at stake on the first day of the biggest sports multi-event of the year going
American company fired 2,700 employees overnight: said on message and e-mail - no need to come from tomorrow, if you have any goods, of course, take them
A furniture-making company in Mississippi, USA fired 2,700 of its employees overnight. According to The Guardian newspaper, United Furniture Industries (UFI) texted and emailed employees at midnight
HMPV Virus: So far 6 cases of HMPV have been reported in the country, what are the symptoms of the virus? Know everything in 10 points.
HMPV Virus: The HMPV virus that came from China has increased India's concern. Human Metapneumovirus also entered India on Monday. 6 cases were reported in a single day. First, two cases were reported
