ADB retains India's GDP growth forecast at 7%

New Delhi, December 14 Asian Development Bank (ADB) has kept its outlook for India’s economic growth unchanged at 7% for the current fiscal year while forecasting a weaker-than-previously expected pace for developing Asia. ADB’s 7% growth projection for fiscal 2022-23...

Tribune Web Desk

Updated At : 02:23 PM Dec 15, 2022 IST

New Delhi, December 14

Asian Development Bank (ADB) has kept its outlook for India’s economic growth unchanged at 7% for the current fiscal year while forecasting a weaker-than-previously expected pace for developing Asia.

ADB’s 7% growth projection for fiscal 2022-23 remains unchanged from its September forecast, compared to 8.7% GDP growth in 2021-22. It saw Asia expanding 4.2% this year before accelerating to 4.6% in 2023. These projections compare to the previously estimated expansion of 4.3% and 4.9%, respectively. — PTI

Economic outlook

For 2023-24, the GDP growth forecast has been kept unchanged at 7.2%

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