ADB projected Indian economic growth forecast at 10% in FY22 and 7.5% in FY23

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ADB projected Indian economic growth forecast at 10% in FY22 and 7.5% in FY23

Asian Development Bank (ADB) has cut India’s economic growth forecast for the financial year 2021-22 (FY22) to 10 percent. prior to this, ADB estimated India’s GDP at 11%.

  • The agency lowered the GDP growth forecast due to the adverse impact of the coronavirus pandemic.

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