The Asian Development Bank (ADB), has slashed India’s GDP growth forecast to 7.2 per cent for FY23. Earlier this was estimated at 7.5 per cent. Meanwhile, the Manila-based multilateral development bank has revised down FY24 growth forecast to 7.8 per cent, from 8 per cent estimated earlier. It, however, raised the inflation forecast for India to 6.7% for FY23 from the 5.8 % estimated earlier.
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