ADB cuts India’s GDP growth rate from 7.2% to 7% for FY20

Asian Development Bank lowered India’s GDP growth rate from 7.2% to 7% for the current fiscal year.

India is expected to grow by 7% in 2019 and 7.2% in 2020, slightly slower than projected in April, ADB said in its supplement to the Asian Development Outlook 2019.

Static/Current Takeaways Important For SBI PO/Clerk Main:

  •  President of ADB Bank: Takehiko Nakao;  HQ of ADB Bank: Manila, Philippines.

Source: The News on AIR


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