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
