ADB lowers India’s growth forecast for this fiscal to 7%
Expectations are in line with those of the chief economic adviser and the Reserve Bank
Asian Development Bank expects India’s growth to inch up again to 7.2% in 2020-21, ‘helped by recent reforms’
NEW DELHI : The Asian Development Bank (ADB) has pared its Indian growth forecast for 2019-20 to 7% from 7.2% estimated earlier. This is in line with the estimates by the Reserve Bank of India (RBI) as well as the chief economic adviser in the finance ministry Krishnamurthy Subramanian.