ADB reduced India's GDP growth target for the fourth time

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New delhi date. September 25, 2019, Wednesday

The Asian Development Bank (ADB) has once again reduced India's GDP growth forecast. According to the available data, ADB has reduced its estimates for the fourth time in a row.

According to the latest ADB report, India's GDP growth is projected to grow at 8.5% in 1-4. India's GDP growth is projected to grow at 8.5 per cent in 1-3.

According to the report, India's GDP growth has declined by 5% in the first quarter recently, and this estimate has been reduced again.

There has been significant backlog in manufacturing and new investment in India. On the other hand, loans from banks and finance institutions have slowed. The growth of the rural economy has also stopped. In view of all these adversities, the growth rate has been reduced.

The government has set a target of becoming a five trillion dollar economy by 5. Achieving this target requires GDP growth at the rate of 5%.


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