ADB Projects India’s economy to grow by 7.5% in FY23; 8% in FY24

ADB Projects India’s economy to grow by 7.5% in FY23; 8% in FY24

  • The Manila-based multi-lateral funding agency, Asian Development Bank (ADB) has projected the GDP growth rate of Indian economy, in its flagship Asian Development Outlook (ADO) 2022, as follows:
    • 2022-23 (FY23) – 7.5 percent
    • 2023-24 (FY24) – 8.0 percent

Points to Remember:

  1. GDP of India in Fy23 and FY24 as per ADB?
  2. Headquarter of ADB – Manila, Philippines
  3. President of ADB – Masatsugu Asakawa

Source: Business Standard

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