Categories: Economy

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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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.