India To Grow at 7.4% in 2017: ADB Report

Truth v/s Hype
Jul 20, 2017 · 1 min read

An Asian Development Bank report has claimed that India is on track to grow at the rate of 7.4% in 2017.

India To Grow at 7.4% in 2017

“India, the sub-region’s largest economy, is expected to achieve previous growth projections of 7.4% in 2017 and 7.6% in 2018, primarily from strong consumption,” said the Asian Development Bank (ADB) Outlook 2017.

The report held that South Asia will be the fastest growing of all sub — regions in Asia and the Pacific. The growth stats are on track to meet the original projections of 7% in 2017 and 7.2% in 2018.

ADB also upgraded its growth outlook in Asia to 5.9% in 2017 from 5.7% and to 5.8% for 2018 from 5.7%.

Via: The Hindu

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