Current Affairs Economy & Banking

ADB Cuts India’s Growth Rate To 7.2%

Category : Economy & Banking

  The Asian Development Bank downgraded economic growth forecasts for India and Southeast Asia for 2019 as global risks from trade tensions to Brexit mount. According to the ADB’s latest Asian Development Outlook report, gross domestic product in India will probably increase by 7.2 % in 2019, down from a December forecast of 7.6%. Southeast Asia’s growth estimate was lowered by 0.2 percentage point to 4.9%.
Source: Livemint


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