Question: What is the GDP growth rate forecasted by Asian Development Bank for India in the 2021-22 fiscal?
(a) 11 per cent
(b) 10.5 per cent
(c) 11 per cent
(d) 12 per cent
Answer: (c)
Related facts:
- The Manila-based Asian Development Bank (ADB) has projected the growth rate of India’s economy, in its latest flagship Asian Development Outlook (ADO) 2021.
- For the financial year 2021-22, the GDP growth rate is estimated at 11 percent.
- GDP growth forecast for the financial year 2022-23 is 7 percent.
- ADB has based the rate on the “strong” vaccine drive being undertaken across the country.
- However, it has also cautioned that the recent surge in COVID cases may put the country’s economic recovery at “risk”.
By-Amar Mani Upadhyay