Categories: Economy

Asian Development Bank projects India’s GDP at -9% in FY21

The Asian Development Bank (ADB) has estimated that the GDP of India is expected to contract by 9% in fiscal 2020-21 (FY21). This estimate is worse than ADB’s previous estimate of -4%.

WARRIOR 3.0 | Banking Awareness Batch for SBI, RRB, RBI and IBPS Exams | Bilingual | Live Class

However, for the FY22 (2021-22), ADB expects India’s GDP at 8 per cent. ADB also expects the gross domestic product (GDP) growth for developing Asia at – 0.7 per cent in 2020, the first negative economic growth since 1962.

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

New SIM Card Rules 2026: 9-SIM Limit, DoT Restrictions and Key Changes

The Department of Telecommunications (DoT) has introduced measures to tighten the enforcement on the maximum…

3 hours ago

Which Is the Oldest River on Earth?

As rivers frequently change their channels, destroy lands around themselves and can even disappear from…

4 hours ago

India’s GM Pranesh M Wins Kanizsa Open 2026 Title in Hungary

Grandmaster Pranesh M, the young chess talent from India, has claimed victory in the Kanizsa…

4 hours ago

Andhra Pradesh Approves ₹31,387-Crore Green AI Data Centre

Andhra Pradesh State government gives its approval for establishing green artificial intelligence data centre in…

5 hours ago

Makkah Joint Defence Agreement: How This Pact Could Reshape West Asian Security and Impact India

Saudi Arabia, Türkiye and Pakistan signed the Makkah Joint Defence Agreement (MJDA) at Al-Safa Palace…

5 hours ago

Mitchell Starc Becomes Leading Wicket-Taker in WTC History

Mitchell Starc, left arm fast bowler of Australia, has managed to enter the record books…

6 hours ago