UN cuts India's GDP growth forecast for FY22 from 6.7% to 4.6%

India's projected GDP growth for FY22 has been downgraded from 6.7% to 4.6%, a United Nations Conference on Trade and Development (UNCTAD) report said. Citing the Ukraine war for the cut in forecast, it added that India is expected to face reflexes from trade sanctions, food inflation and financial instability. It also said Russia will experience deep recession this year.