Categories: Economy

ADB Projects India’s GDP to grow 11% in FY22

GDP.(https://pixabay.com/)

The Manila-based Asian Development Bank (ADB) has projected the growth rate of India’s economy, in its latest flagship Asian Development Outlook (ADO) 2021, as follows:

FY22 (2021-22): 11%
FY23 (2022-23): 7%

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

ADB has based the rate on the “strong” vaccine drive being undertaken across the country, however, it has also cautioned that the recent surge in COVID cases may put the country’s economic recovery at “risk”.

Important takeaways for all competitive exams:

President of ADB: Masatsugu Asakawa; Headquarters: Manila, Philippines.
ADB Established: 9 December 1966.

Find More News on Economy Here

Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.