Wednesday, September 14, 2011

ADB Outlook india economic growth forecast 2011

ADB Outlook india economic growth forecast 2011 ; Asian Development Bank (ADB) on Wednesday trimmed growth forecast for India to 7.9% for the current fiscal, from 8.2%, in the wake of subdued growth of major world economies and rising crude oil prices. The ADB's 'Asian Development Outlook 2011 Update', which was released on Wednesday, has also raised the March 2012 inflation forecast to 8.5%, from 7.8% earlier.

ADB's growth projection is lower than that of Indian government, which expects GDP to expand at 8.5%. The revision in the forecast comes within five months of the Asian Development Outlook (ADO) 2011 in April which projected India's growth at 8.2% this fiscal. , For the latest updates on the stock market, visit Stock Market Today
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1 comment:

  1. Indian economic growth dips a bit than the expected. It has gone down to 6.9% in the year 2011-12. Its a lowest growth rate after the year 2008.
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