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India’s GDP to be at 10% for FY22 —ADB

Published on September 23, 2021
Current Context: The Asian Development Bank (ADB) has projected that India’s GDP to be at 10% for FY 2021-22 (FY22).
India’s GDP to be at 10% for FY22 —ADB
  • Earlier it had projected the GDP for India to be at 11% for FY22.
  • The reduction in the growth forecast was made due to the adverse impact of the COVID-19 pandemic on the economy.
  • The ADB has projected that India’s GDP to be at 7.5% for FY2022-23 (FY23).
  • The multilateral funding agency ADB has also raised the inflation forecast for FY2021-22 to 5.5%, earlier it had projected 5.2% for the same.
  • Static Part: 
    • HQ of ADB: Manila, Philippines
    • President of ADB: Masatsugu Asakawa

Question:

Q.1 As per ADB, India’s GDP to be at ___% for FY22?
a. 11%
b. 10.5%
c. 9.5%
d. 10%
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