Q. What is the India's GDP growth forecast for FY 18, according to Asian Development Bank (ADB)'s latest report "Asian Development Outlook 2017"?
Answer: 7.4%
Notes: In an annual “Asian Development Outlook” economic report released by Asian Development Bank (ADB), India's GDP growth is predicted at 7.4% in FY 18 (2017-18). The report states that the growth rate will continue to expand to 7.6% in the successive year FY 19 (2018-19). India had grown 7.1% in the previous fiscal year FY 2016-17). As per ADB Chief Economist Yasuyuki Sawada, the reforms like the Goods and Services Tax and the new bankruptcy law will make it easier to do business in India. Apart from this, the 50th annual meeting of the Asian Development Bank (ADB) Board of Governors has started in Yokohama, Tokyo from May 4 to 7, 2017. The theme of the meeting is ‘Building Together the Prosperity of Asia.’
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