ADB Projects India’s Growth at 7.2% in 2019 on Rising Consumption
- According to the Asian Development Outlook 2019 report of Asian Development Bank (ADB), India is expected to rebound at 7.2 percent in the fiscal 2019-20 due to strengthening consumption.
- Further, the growth rate for 2020 is expected to grow at 7.3 percent.
- India’s growth slowed from 7.2 percent in fiscal 2017 to 7 percent in 2018.