Asian Development Bank cuts India’s GDP growth forecast to 7%

Asian Development Bank cuts India’s GDP growth forecast to 7%

India’s economy grew 13.5% year-on-year in the first quarter of 2022-23, reflecting strong growth in services India’s economy grew 13.5% year-on-year in the first quarter of 2022-23, reflecting strong growth in services The Asian Development Bank (ADB) has slashed India’s economic growth projection for 2022-23 to 7% from 7.2% earlier, citing higher than expected inflation […]

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Asian Development Bank cuts India’s GDP growth forecast to 7%

ADB cuts India’s GDP growth forecast to 7%

High inflation and monetary tightening cited. High inflation and monetary tightening cited. The Asian Development Bank (ADB) has slashed India’s economic growth projection for 2022-23 to 7 per cent from 7.2 per cent earlier, citing higher than expected inflation and monetary tightening. India’s economy grew 13.5 per cent year-on-year in the first quarter of 2022-23, […]

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