Categories: Economy

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

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

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.