Asian Development Bank projected a 7 per cent collective growth for South Asian economies in 2022 with the subregion’s largest economy India growing by 7.5 per cent in the current fiscal year before picking up to eight per cent the next year. However, uncertainties stemming from the Russian invasion of Ukraine, the continuing coronavirus disease (COVID-19) pandemic, and tightening by the United States Federal Reserve pose risks to the outlook.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
The Manila-based multilateral funding agency, Asian Development Bank (ADB) has projected the GDP growth rate of the Indian economy, in its flagship Asian Development Outlook (ADO) 2022, as follows:
Important takeaways for all competitive exams:
India has endorsed the consensus outcomes of the G20 Energy Abundance Ministerial, reinforcing its engagement…
The 7th edition of the National Formulary of India (NFI) 2026 was launched on September…
The Government of India has dissolved the Digital Communications Commission (DCC), the apex inter-departmental decision-making…
India will observe the 11th Ayurveda Day on September 23, 2026, celebrating the country’s more…
State-owned Oil and Natural Gas Corporation (ONGC) has made gas discovery in the deepwater basin…
India will see its maiden blue bond issue as Sagarmala Finance Corporation seeks to raise…