Asian Development Bank trims India's GDP growth forecast to 5.1 per cent in FY20.
Dec. 12, 2019
The Asian Development Bank (ADB) trimmed its forecast for India's economic growth in 2019-20 to 5.1% saying consumption was affected by slow job growth and rural distress aggravated by a poor harvest.
ADB said that growth should pick up to 6.5% in the next fiscal year with supportive policies.
In September, ADB forecast India's GDP to grow 6.5% in 2019-20 and 7.2% in the year thereafter.
Source :
newindianexpress
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