Delhi: The Asian Development Bank (ADB) has forecast that India’s economic growth will be 7.5 percent next year.
The Asian Development Bank has released a report on economic growth in South Asian countries. It also comments on India’s economic growth. Accordingly, economic growth in South Asian countries is likely to be 7 percent in the current year. It is expected to rise to 7.4 per cent in the first quarter of next year (2023).
India’s economic growth is expected to be 7.5 per cent by 2023 and is likely to reach 8 per cent by the beginning of next fiscal.
Pakistan’s economic growth is at a low level of 4 percent and is expected to rise to 4.5 percent in the coming days.
He also said that the current economic climate was conducive to economic growth in the wake of the Corona attack and predicted that economic development in South Asia, which includes India, Pakistan, Sri Lanka, Bangladesh, Nepal, Maldives, Afghanistan and Bhutan, would improve slightly.