ADB trims FY20 growth forecast to 7% from 7.2%

July 19, 2019 |
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ADB trims FY20 growth forecast to 7% from 7.2%

The Asian Development Bank (ADB) has trimmed India’s growth forecast for the current financial year to 7% from 7.2% estimated earlier. 

“India is expected to grow by 7% in 2019 and 7.2% in 2020, slightly slower than projected in April because the fiscal 2018 outturn fell short,” the Manila-based multilateral institution said on Thursday in its supplement to the Asian Development Outlook 2019. 

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