Categories: Economy

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

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, 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.

Recent Posts

India Hosts 7th Agrivoltaics World Conference 2026 in New Delhi

India is hosting the 7th Agrivoltaics World Conference 2026 from 21 to 23 October at…

44 seconds ago

France Confirms First Human Case of Shamonda Virus; Patient Dies

French health authorities confirmed the country's first reported human case of Shamonda virus on 22…

14 minutes ago

National Geographic Names Jaipur to Its Best of the World 2027 List

National Geographic released its annual “Best of the World 2027” list on 20 October 2026,…

22 minutes ago

Surya Prakash Releases “The Evolution of TV News in India” by Harsaran Bir Kaur Pandey

Former Prasar Bharati Chairman Surya Prakash launched veteran broadcaster and former Doordarshan producer Harsaran Bir…

37 minutes ago

India Plans Mandatory Automatic Emergency Braking in New Cars from October 2030

India is set to consider to making the Advanced Emergency Braking Systems (AEBS) mandatory in…

19 hours ago