Daily Current Affairs 2022, Monthly/Weekly Current Affairs | One liner current affairs in hindi

Get the Daily and Latest Current Affairs 2022 on our website. These current affairs are Updated by our specialists and are relevant for all competitive tests UPSC, SSC, IAS, Railway-RRB, UPPSC, and Other State Government and Central Jobs/Exams.

ADB cuts India's GDP growth forecast to 7% from earlier 7.2%

Asian Development Bank lowers India's GDP growth forecast

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
  • India to host MotoGP race for the first time in 2023 at Buddh International Circuit

    Read More....
  • ISRO successfully test-fires hybrid motors in Tamil Nadu's Mahendragiri

    Read More....
  • ICICI Prudential Mutual Fund launches India's first auto index fund i.e. 'ICICI Prudential Nifty Auto Index Fund'

    Read More....
  • India's first Dugong Conservation Reserve notified in Thanjavur and Pudukottai districts of Tamil Nadu

    Read More....
  • India's presidency at Asia-Pacific Institute of Broadcasting Development extended for one more year

    Read More....
  • India's longest river cruise will start between UP's Varanasi and Assam's Bogibeel

    Read More....
  • Centre appoints retired Gujarat IFoS officer Bharat Lal as Director General NCGG

    Read More....
  • Bollywood actress Raveena Tandon has been appointed as the state's Wildlife Goodwill Ambassador by the Maharashtra government

    Read More....
  • Former All India Tennis Association (AITA) chief Anil Khanna resigned as the acting President of the Indian Olympic Association

    Read More....
  • Amazon chooses Rajasthan for its first solar power plant in India

    Read More....