ADB reduces India’s expected growth rate for 2021-22.

Tags: Economics/Business

  • The Asian Development Bank has released its Asian Development Outlook Report   
  • The Asian Development Bank (ADB) has marginally lowered its growth projection for the Indian economy to 9.7% in 2021-22, from 10% estimated in September.
  • The bank cited the lower than expected 8.4% growth in the July to September quarter and expects supply chain factors such as chip shortages and rising semiconductor prices to continue to suppress growth.
  • Asian Development Bank Headquarter : Mandaluyong City, Manila, Philippines
  • President of ADB : Masatsugu Asakawa of Japan
  • It was established in 1966. 

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