ADB projects India’s economy to grow by 7.5% in FY23

Asian Development Bank on Wednesday projected a seven percent collective growth for South Asian economies in 2022 with the subregion’s largest economy India growing by 7.5 percent in the current fiscal year before picking up to eight percent the next year. Pakistan’s growth will be four percent in 2022 on weaker domestic demand.

South Asia –

• South Asia includes Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka.

About Asian Development Bank –

• Headquarters: Mandaluyong, Philippines
• President: Masatsugu Asakawa
• Membership: 68 countries
• Founded: 19 December 1966