Question
Recently Asian Development Bank (ADB) slashed its growth
forecast for India to ___ for FY23 from the earliest projected 7.5%.Solution
The Asian Development Bank (ADB) slashed its growth forecast for India to 7.2 per cent for FY23 from 7.5 per cent. ADB also raised its inflation forecast for India to 6.7 per cent for FY23 from 5.8 per cent projected earlier. The Asian Development Bank is a regional development bank. It was established in 1966, it is owned by 68 members—49 from the region. ADB Headquarters: Philippines President: Masatsugu Asakawa
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