- 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%
a. 11%
b. 10.5%
c. 9.5%
d. 10%