Rating agency Moody's has revised downwards the economic growth forecast of India by 40 basis points to 9.1 percent in the Calendar Year 2022 (CY2022), due to adverse effects of the Russia-Ukraine conflict on the global economy.
The Dredging Corporation of India (DCI) and Cochin Shipyard Limited (CSL) have inked an agreement to build the first indigenous dredger of the country.