The Asian Development Bank (ADB) has lowered its forecast for India’s economic growth in fiscal year 2019-20 to 5.1%. ADB has stated that the consumption was affected by slow job growth and rural distress was aggravated by poor harvest.
Static/Current Takeaways Important For LIC Assistant Mains:
- Asian Development Bank Headquarters: Manila, Philippines; President: Takehiko Nakao.
Source: The Live Mint