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According to ADB, what is the estimated GDP growth rate of India in FY23?
A)
6.7%
B)
7.1%
C)
7.5%
D)
8.0%

Correct Answer : Option (C) - 7.5%



India's economy is likely to grow 7.5% in FY23 and 8% in FY24, supported by increased public investment in infrastructure and a pickup in private investment, the Asian Development Bank (ADB) said on Wednesday. India's Gross Domestic Product (GDP) likely grew 8.9% in FY22, it said.
 
In its Asian Development Outlook 2022, the Manila-based multilateral lender said uncertain global economic conditions, renewed Covid-19 outbreaks and new variants, monetary policy tightening in the US, and unexpected and sharp rises in commodity prices were key risks to the outlook.

Source : Economic Times

Published On : April 7, 2022
Category : Indian Economy
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