Asian Development Bank lowers India's GDP growth forecast

Asian Development Bank lowers India's GDP growth forecast

Daily Current Affairs   /   Asian Development Bank lowers India's GDP growth forecast

Change Language English Hindi

Category : Business and economics Published on: September 23 2022

Share on facebook
  • The Asian Development Bank (ADB) lowered India's GDP growth projection for the year 2022-23 to 7 per cent from the earlier 7.2 per cent based on higher-than-expected inflation and monetary tightening.
  • ADO report released on Wednesday, it was mentioned that the Indian economy recorded a 13.5 per cent year-on-year in the first quarter of 2022-23.
  • Fitch ratings also slashed India's growth forecast for 2022-23 to 7 per cent from previous estimates of 7.8 per cent.
  • Moody's Investors Service slashed India's GDP growth projection from 8.3% in 2021 to 7.7% in 2022 and projected it to decelerate further to 5.2% in 2023.
Recent Post's

  • The Telangana government launched the Indiramma Family Life Insurance Scheme providing ₹5 lakh coverage to 1.15 crore families starting June 2, 2026.

    Read More....

  • The Prakriti 2026 conference in New Delhi introduced the Indian Carbon Market Portal to streamline carbon trading and climate action.

    Read More....

  • The traditional Kelbai ‘Peth’ Festival is being celebrated in Mulgao, Goa, featuring a sacred ritual journey of the deity to Mayem village.

    Read More....

  • Scientists identified the desert moss Syntrichia caninervis as a potential pioneer for Mars colonization due to its extreme resilience.

    Read More....

  • World Water Day 2026 was observed on March 22 with the theme "Water and Gender" to promote equitable access and management.

    Read More....

  • A new wild kiwi species, Actinidia indica, was discovered by the Botanical Survey of India in the Ziro Valley of Arunachal Pradesh.

    Read More....

  • The Indian government launched the PRARAMBH 2026 campaign to educate citizens about the new Income Tax Act, 2025, effective from April 1.

    Read More....

  • Pakistan ranked first in the Global Terrorism Index 2026 due to rising violence, while India stood at the 13th position.

    Read More....

  • The Madras High Court issued directives for the systematic removal of the invasive plant species Prosopis juliflora to restore Tamil Nadu's ecology.

    Read More....

  • The National Productivity Council (NPC) has been designated as the Environment Audit Designated Agency to monitor industrial compliance.

    Read More....