India’s GDP to grow at 7.2pc in 2019: ADB.

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The Asian Development Bank (ADB) on Wednesday projected India’s GDP to grow at 7.2 per cent in 2019 and 7.3 per cent in 2020 due to stronger consumption, lower policy interest rates and income support to farmers.However, the Bank lowered the country’s growth to 7pc in 2018 in its Asian Development Outlook (ADO) 2019 — ADB’s flagship economic publication.“By contrast, stronger consumption will see growth in India tick up from 7.0pc in 2018 to 7.2pc in 2019 and 7.3pc in 2020 with lower policy interest rates and income support to farmers boosting domestic demand,” the report said.

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