ADB Projects GDP of India at -8% in 2020

The Asian Development Bank (ADB) has projected India’s economy to contract 8 per cent in 2020, as against (-)9.0 per cent previously forecast. In its latest Asian Development Outlook report released on 10 December 2020, ADB also expects the GDP of India to bounce back with growth of 8.0 per cent in 2021.

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