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%

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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”.

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

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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.