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| Asian Development Bank Predicts India's inflation, to be 4.10 percent in 2019-20 |
Asian Development Bank Predicts India's inflation, to be 4.10 percent in 2019-20
According to the Asian Development Outlook (ADO) 2019, released by the Asian Development Bank (ADB) has lowered the inflation forecast for India during the current financial year to 4.1 per cent, on the back of gains in rupee and cut in the country's GDP projection.
ADB said with Asian Development Outlook 2019 that India will be the main factor in reducing inflation in the South Asian region. ADB has reduced the inflation estimate for South Asia from 4.70 percent to 4.50 percent.
In the Asian Development Outlook (ADO), India's GDP growth rate has been reduced from 0.20 percent to 7 percent for 2019-20.
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