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ADB projected growth forecast for 2021-2022 for India at 9.7%

Sumit Arora Published On December 16th, 2021 Leave a comment

Asian Development Bank has trimmed its 2021 growth forecast for India to 9.7 per cent from 10 per cent but left the 2022 growth forecast unchanged at 7.5 per cent. The inflation forecast of developing Asia was revised to 2.1 per cent for 2021 and unchanged at 7 per cent for 2022.

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Asian Development Outlook Supplement Report 2021-22:

In its Asian Development Outlook Supplement Report of December 2021, the Asian Development Bank (ADB) has trimmed the growth forecasts for developing Asia for 2021-2022 to reflect the economic impact and uncertainty caused by the new Omicron COVID -19 variant.
ADB marks the 2021 Gross Domestic Product (GDP) growth projection of developing Asia to 7 per cent, down from its earlier projection of 7.1 per cent (September 2021), and 2022 growth to 5.3 per cent, down from 5.4 per cent.

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Sumit Arora

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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.