ADB cuts its India GDP growth forecast for 2019-20, a day ahead of RBI policy
Asian Development Bank cuts its India GDP growth forecast for 2019-20 to 7.2% from 7.6% in December
ADB also cautioned that its growth projection could see further revision if downside risks materialize
New Delhi: The Asian Development Bank (ADB) has cut its India GDP growth forecast for 2019-20 to 7.2% because of a slower-than-expected pickup in investment demand. ADB, which had estimated 7.6% economic growth in December, is the first multilateral lending agency to slash India’s growth estimate.