Economic recovery braces for Ukraine risks

At risk: An employee handles a battery in a manufacturing plant in Bengaluru. India’s rebound is at risk of being reversed given the hit to sentiment from Russia’s invasion of Ukraine, according to an economist. — Bloomberg

NEW DELHI: India’s services and manufacturing activity held steady in February, even as the war in Ukraine clouds the outlook for prices and growth in the consumption-driven economy.

All eight high-frequency indicators compiled by Bloomberg News showed activity was steady last month.