consecutive years of very high growth, the Asian Development Bank (ADB) predicts in a new report. The Asian Development Outlook 2008 Update (ADO Update) has forecast India’s growth rate to decrease to 7.4% in FY2008 and decelerate further to 7% in FY2009. The new figures are down on ADB’s April forecasts of 8% and 8.5%…
INDIA: ADB lowers economic growth forecast for 2008 and 2009
Posted on October 2, 2008 by EnergyAsia