ADB forecasts 7.4% growth for India in 2017-18
The Dollar Business Bureau In an annual report released by Asian Development Bank (ADB), India's GDP growth is predicted at 7.4% in FY 2017-18. The report states that the growth rate will continue to expand to 7.6% in the successive year (2018-19). Quoting high growth projections for India due to an expected revival in consumption and investment post demonetisation, Asian Development Outlook 2017 (ADO), a study published by ADB, sees India as Asia's engine of growth in the coming years. Predicted to grow collectively at 7% in 2017 and 7.2% in 2018, South Asia is seen as the fastest growing among all sub-regions. Meanwhile, China's growth forecast has receded from 6.7% in 2016 to 6.5% in 2017, further declining to ...
