MANILA (April 28): Developing Asia s economic rebound this year could be stronger than previously thought, the Asian Development Bank said on Wednesday, underpinned by expectations of a solid global recovery and progress on vaccines.
But the Manila-based lender was quick to caution that risks to its forecasts were skewed more to the downside because new outbreaks and delays in vaccine rollout could prolong disruptions to mobility and stall regional economic activity.
Developing Asia, which groups 45 countries in the Asia-Pacific, is forecast to grow 7.3% in 2021, the ADB said in its Asian Development Outlook report, stronger than its previous estimate of 6.8% and follows a 0.2% contraction last year.
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.
Synopsis
Further, it said the gross domestic product (GDP) of South Asia is expected to rebound to 9.5 % this year, following a contraction of 6 % in 2020, before moderating to 6.6 % next year (2022), it said.
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The Indian economy is projected to grow at 11 % in the current financial year amid the strong vaccine drive, said ADB 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 % 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.
India s GDP to grow at 11% this fiscal, says ADB thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
The Indian economy is projected to grow at 11 per cent in the current financial year amid the strong vaccine drive, said ADB 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. For FY2022, India s GDP is expected to expand at 7 per cent, it added.