ADB cuts India GDP growth forecast for FY23 to 7.2%; FY24 to 7.8%
- The Asian Development Bank (ADB), has slashed India’s GDP growth forecast to 7.2 percent for FY23. Earlier this was estimated at 7.5 percent.
- Meanwhile, the Manila-based multilateral development bank has revised down FY24 growth forecast to 7.8 percent, from 8 percent estimated earlier.
Source: Business Standard