New Delhi: Asian Development Bank, in it’s flagship report says that India’s growth is expected to develop at 7.2% in the current financial year. ADB report also indicates that it will further grow to 7.3 per cent in 2020.
India has an unprecedented boost in economic sector under the governance of PM Narendra Modi. “Growth, overall, remains solid with domestic consumption strong or expanding in most economies around the region.” said ADB Chief Economist Yasuyuki Sawada. “It is expected to rebound to 7.2 per cent in 2019 and 7.3 per cent in 2020 as policy rates are cut and farmers receive income support, bolstering domestic demand”, Sawada added.
