Question : According to ADB, at what percentage rate will the Indian economy grow in the current fiscal year?
(A) 11 percent
(B) 10 percent
(C) 9 percent
(D) 12 percent
Ans. (A)
Related facts
- Latest Asian Development Outlook released on the end of April 2021.
- According to ADB, the Indian economy will grow at11percent in the current fiscal year.
- Accordingly, increasing cases of covid-19 infection in the country may pose risks for economic recovery.
- The Indian economy is expected to grow at a rate of 11 per cent during the financial year ending 31 March 2022 amid a wide-ranging vaccine campaign.
- The report said that India’s GDP growth could be 7 percent next year.
- South Asia’s gross domestic product (GDP) may grow at a rate of 9.5 percent, compared to a drop of six percent last year.
Link:
https://m.timesofindia.com/business/india-business/adb-projects-indias-growth-to-rebound-11-in-fy22-covid-surge-could-hurt-economic-normalization/amp_articleshow/82284881.cms#referrer=https://www.google.com&csi=0
https://www.thehindu.com/business/Economy/indias-gdp-to-grow-at-11-this-fiscal-says-adb/article34428365.ece/amp/#aoh=16208379852140&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s
.