Question
ADB has retained India's growth forecast for the
current financial year at what percent?Solution
The Asian Development Bank (ADB) has retained India's economic growth forecast at 6.4 per cent for the current financial year and 6.7 per cent for the next financial year. In its update of the Asian Growth Outlook, ADB forecast inflation for developing economies in Asia to be 3.6 percent this year and 3.4 percent in 2024. The Indian economy grew by 7.2 percent in the financial year 2022-23 ending March 2023.
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