Question
ADB has slashed the economic growth forecast for India
for 2023-24 (FY24) by 80 bps to ___________.Solution
The World Bank and the Asian Development Bank (ADB) have slashed their economic growth forecasts for India for 2023-24 (FY24) by 30 and 80 bps to 6.3 and 6.4 per cent respectively, citing risks to the outlook arising from both global and domestic factors.
According to the latest data released by the Reserve Bank of India, the gross foreign direct investment (FDI) flows witnessed a decline of nearly 16 per...
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