ADB retains India FY19 growth forecast at 7.3% despite downside risks

Posted on:13 Dec 2018 10:27:43
ADB retains India FY19 growth forecast at 7.3% despite downside risks
13 December 2018 Current Affairs: Asian Development Bank (ADB) in its supplement report “Asian Development Outlook (2018)” retained India’s FY19 growth forecast at 7.3% and 7.6% in FY20 despite downside risks posed by stress in the non-banking sector, limited fiscal space as well as escalating trade tensions.
The country’s GDP growth moderated to 7.1 percent in the second quarter of 2018-19 from 8.2 percent in the first quarter, averaging 7.6 percent growth in the first half.
India is maintaining growth momentum on rebounding exports and higher industrial and agricultural output.
Asian Development Bank (ADB) in its supplement report “Asian Development Outlook (2018)” retained India’s FY19 growth forecast at 7.3% and 7.6% in FY20 despite downside risks posed by stress in the non-banking sector, limited fiscal space as well as escalating trade tensions.
The country’s GDP growth moderated to 7.1 percent in the second quarter of 2018-19 from 8.2 percent in the first quarter, averaging 7.6 percent growth in the first half.
India is maintaining growth momentum on rebounding exports and higher industrial and agricultural output.

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