Investment climate

Asian Development Bank: India’s growth projection at 7.0%

December 13, 2016

Asian Development Bank has lowered its growth forecast for Indian economy to 7.0% as an aftermath of demonetization. This is much slower than projected earlier. 45 countries which fall under the “Developing Asia” are now expected to expand 5.6 percent this year as against 5.7 percent expected earlier. The...