Crude oil importers like India, Thailand will be most affected by Ukraine crisis: S&P

New Delhi, Mar 16 (PTI) Among the Asia-Pacific countries, major importers of crude oil like India and Thailand will be the most affected by the Russo-Ukraine war. S&P Global Ratings said this on Wednesday. The SSDI estimates that the Indian economy will grow at 7.8 percent in the next fiscal year 2022-23. The growth rate of the economy is projected to be 6 percent in 2023-24 and 6.5 percent in 2024-25. S&P has forecast inflation at 5.4 per cent for the current fiscal. The rating agency said that the banks of the Asia-Pacific region have a much lower share in Russia.

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