Current Affairs Economy & Banking

ADB cuts India growth forecast to 6.5% for 2019-20

Category : Economy & Banking

  The Asian Development Bank has slashed its growth forecast for India for fiscal  year 2019-20 to 6.5% from 7%. The bank lowered the growth rate because of weaker growth in the first quarter due to a slowdown in consumption and investment activities that hit manufacturing and service sectors.
Source: The Live Mint


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