UN cuts India growth forecast to 4.6% in 2022 – Times of India


India’s projected economic growth for 2022 has been downgraded by over 2% to 4. 6% by the United Nations. The downgrade is attributed to the war in Ukraine, with New Delhi expected to face restraints on energy access and prices, reflexes from trade sanctions, food inflation, tightening policies and financial instability, according to a UN report released on Thursday.
The UN Conference on Trade and Developmentreport downgraded its global economic growth projection for 2022 to 2. 6% from 3. 6% due to shocks from the Ukraine war and changes in macroeconomic policies that put developing countries particularly at risk.
The report said while Russia will experience a deep recession this year, significant slowdowns in growth are expected in parts of Western Europe and Central, South and South-East Asia. India was forecast to grow at 6. 7% in 2022 and this projection has been downgraded to 4. 6% by UNCTAD.


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