• Sunday, August 14, 2022

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ADB Maintains India’s Growth Forecast at 7.3 per cent in FY 2018

In the latest report, ADB has maintained its earlier forecast of 7.3 per cent in the current fiscal. (Photo: SAM PANTHAKY/AFP/Getty Images).

By: Radhakrishna N S

India is expected to witness economic growth at a healthy 7.3 per cent in fiscal year (FY) 2018 supported by improved domestic demand, steady revival in industrial growth and reduced drag from net exports, said a new Asian Development Bank (ADB) report. In the latest report, ADB has maintained its earlier forecast of 7.3 per cent in the current fiscal. In an update to its flagship annual economic publication, Asian Development Outlook (ADO) 2018, ADB maintains its growth outlook for India in line with its April forecasts of 7.3 per cent for FY2018 and 7.6 per cent in FY2019, said ADB in a release. “We are now starting…

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