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ADB slashes India economic growth forecast for FY 2022

Posted on July 21, 2021 By Surendra Jangir No Comments on ADB slashes India economic growth forecast for FY 2022

ADB has projected the GDP growth rate for the fiscal year 2022 (2022-23) to be 7.5 percent from the earlier 7 per cent.

ADB slashes India economic growth forecast for FY 2022


Recently, the Asian Development Bank (ADB) in its Asian Development Outlook (ADO) supplement for July has reduced India’s economic growth forecast for the financial year 2021-22 (FY22) to 10 per cent from the earlier estimated 11%. 

In the Asian growth outlook, the multilateral funding agency said that India’s GDP growth rate in the last quarter of the financial year ended March 2021 was 1.6 percent, due to which the contraction for the whole fiscal year would be 7.3 percent against the forecast of eight percent.

The multilateral funding agency has lowered its GDP growth forecast due to the adverse impact of the coronavirus pandemic. In addition, ADB has projected the GDP growth rate for the fiscal year 2022 (2022-23) to be 7.5 percent from the earlier 7 percent.

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(हाल ही मे, एशियाई विकास बैंक (ADB) ने जुलाई के लिए अपने एशियाई विकास आउटलुक (ADO) अनुपूरक में वित्तीय वर्ष 2021-22 (FY22) के लिए भारत के आर्थिक विकास पूर्वानुमान को घटाकर 10 प्रतिशत किया है जो पहले 11% अनुमानित था|) 

(बहुपक्षीय वित्त पोषण एजेंसी ने एशियाई वृद्धि परिदृश्य में कहा कि मार्च 2021 को समाप्त वित्त वर्ष की अंतिम तिमाही में भारत की जीडीपी वृद्धि दर 1.6 प्रतिशत थी, जिसके चलते पूरे वित्त वर्ष के दौरान संकुचन आठ प्रतिशत के पूर्वानुमान के मुकाबले 7.3 प्रतिशत रहेगा|)

 

(बहुपक्षीय वित्त पोषण एजेंसी ने कोरोना वायरस महामारी के प्रतिकूल प्रभाव के कारण सकल घरेलू उत्पाद के विकास के अनुमान को कम किया है| इसके अलावा, ADB ने वित्त वर्ष 2022 (2022-23) के लिए सकल घरेलू उत्पाद की पहले के वृद्धि दर 7 प्रतिशत को 7.5 प्रतिशत रहने का अनुमान जताया है|)

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