Asian Development Bank (ADB) on Thursday trimmed India's economic growth forecast for current fiscal year to 7.2 per cent from 7.5 per cent as pandemic and war impact is weighing down alongside inflationary pressures.
India s GDP is expected to expand at 7 per cent for FY2022, Asian Development Bank said
New Delhi:
The Indian economy is projected to grow at 11 per cent in the current financial year amid the strong vaccine drive, Asian Development Bank (ADB) said on Wednesday, while cautioning that the recent surge in Covid cases may put the country s economic recovery at risk . India s economy is expected to grow 11 per cent in fiscal year (FY) 2021, which ends on March 31, 2022, amid a strong vaccine drive, ADB said in its flagship Asian Development Outlook (ADO) 2021 released on Wednesday.
However, the Asian Development Bank (ADB) cautioned that the surge in COVID-19 cases may put the country s economic recovery at risk.