India's economy faces headwinds amid Russia-Ukraine crisis, says Emkay

India could face economic headwinds in the fourth quarter and the weakness could spill into the next quarter as Russia’s invasion of Ukraine slows global growth and fans inflation, according to Emkay Global Financial Services.

“Fourth quarter implied growth is also likely to be sub 5%,” Madhavi Arora, lead economist at Emkay, said in an interview with Bloomberg TV. “You could see some bump down in the first quarter of the next fiscal because of the Ukraine impact,” the Mumbai-based economist said. 

India will see lower than previously forecast economic growth because of disruptions from the latest wave of coronavirus cases and