INSUBCONTINENT EXCLUSIVE:
Still early days to make a forecast of Ukraine's impact on economy, Finance MinistryThe geo-political crisis is still evolving and these
are early days to make a plausible forecast of its impact on India's economy in the year ahead, showed the Finance Ministry's Monthly
Economic Review on Ukraine war's Impact.Western sanctions, including oil imports embargo on Russia in response to its invasion of Ukraine,
has pushed oil prices above $100 a barrel, with crude costs jumping to multi-decade highs at one point.The review showed, the geopolitical
tensions involving Russia and Ukraine triggered a massive turbulence in the global economy
second advance estimates, said the report.The geo-political crisis is still evolving and these are early days to make a plausible forecast
of its impact on India's economy in the year ahead, the review added.
