Top News Of The Day - Global Economy To Slow to 3.6% Due to War: IMF
The International Monetary Fund (IMF) has slashed the growth forecast for India for the current financial year by 80 basis points to 8.2 per cent, cautioning that the ongoing Russia-Ukraine war will in the long run hurt consumption and also growth as inflation will rise. Equity indices tripped in the last half-an-hour of trade on Tuesday to notch up losses for the fifth consecutive session as finance and IT counters continued to bear the brunt of heavy selling amid negative global cues. Uttar Pradesh Chief Minister Yogi Adityanath chaired a law-and-order review meeting last night, issuing a set of directions that assume significance considering the recent clashes in Delhi's Jahangirpuri area.
