ADB retains India's growth forecast at 7.3% for 2018-19

19 Dec '18
1 min read

The Asian Development Bank (ADB) has retained its India gross domestic product (GDP) growth forecast at 7.3 per cent for the current fiscal and 7.6 per cent for the next despite some downside risks. India is maintaining growth momentum on rebounding exports and higher industrial and agricultural output, according to the ADB Outlook Supplement.

India’s GDP growth moderated to 7.1 per cent in the second quarter of the current fiscal from 8.2 per cent in the first. The slowdown was primarily due to food prices, lower rural consumption, rising oil prices delivering a negative shock in terms of trade and rising cost of raw materials, a news agency reported citing the ADB document. (DS)

Fibre2Fashion News Desk – India

Leave your Comments

Esteemed Clients

TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
TEXVALLEY MARKET LIMITED
TESTEX AG, Swiss Textile Testing Institute
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Taiwan Textile Federation (TTF)
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Stahl Holdings B.V.,

Recommended

Advanced Search