US-Iran war impact: IMF lowers India’s GDP growth forecast marginally

AI Summary

The IMF has slightly lowered India's GDP growth forecast due to the ongoing US-Iran war, noting that the global economy has managed to avoid a severe slowdown. Strong demand in the technology sector has helped mitigate the impact of reduced energy supplies stemming from the conflict.

According to the IMF, the global economy has so far avoided a steeper slowdown despite the war, as strong demand linked to the technology sector has helped offset the impact of reduced energy supplies caused by the conflict.