Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
LATEST NEWS UPDATES | India to be one of Asia’s ‘biggest losers’ from the Ukraine war as Russia slammed by global sanctions -Paran Balakrishnan

India to be one of Asia’s ‘biggest losers’ from the Ukraine war as Russia slammed by global sanctions -Paran Balakrishnan

Share this article Share this article
published Published on Mar 1, 2022   modified Modified on Mar 14, 2022

-The Telegraph

Recovery will stumble, inflation will rise, rupee could weaken further, say economists

New Delhi: India abstained on the US-sponsored UN Security Council “deploring” Russia’s invasion of Ukraine. But we definitely won’t be able to stay on the sidelines when it comes to facing the economic consequences of the war, the most serious conflict in Europe since the second world war.

India’s not a part of organisations like Nato whose members like the US and EU are imposing punishing economic sanctions on Russia. But this country will be hit either directly or indirectly by these measures. The conflict will slow economic recovery, drive up inflation, ratchet up energy prices, pile pressure on the battered rupee, already one of Asia’s worst performing currencies and produce wild swings on financial markets. And that’s just for starters. 

Economists and the government now have had some time to look at the potential economic fallout from Russia’s massive military action against Ukraine and the sanctions imposed on the country and they say India’s going to be among the worst-hit nations in Asia.

The Russian assault comes at a bad time for India’s economy which has been recovering more slowly than expected from its pandemic hammering. Third-quarter GDP figures released late Monday showed the economy grew by 5.4 per cent, way below the consensus forecast of 6.0 per cent, hit by a sharp fall in manufacturing output. 

Finance Minister Nirmala Sitharaman, without giving any forecasts, is already warning that “When value chains are facing challenges and threats because of these disturbances, our recovery, not just for India, but countries everywhere will be severely hampered.”

Please click here to read more.


The Telegraph, 1 March, 2022, https://www.telegraphindia.com/business/russia-ukraine-crisis-india-to-be-one-of-asias-biggest-losers-from-the-ukraine-war-as-russia-slammed-by-global-sanctions/cid/1854032


Related Articles

 

Write Comments

Your email address will not be published. Required fields are marked *

*

Video Archives

Archives

share on Facebook
Twitter
RSS
Feedback
Read Later

Contact Form

Please enter security code
      Close