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ADB warns, Kovid infection may increase risk for economic recovery

The Asian Development Bank (ADB) said that India’s growth rate will be 11 percent, adding that Kovid infection may increase the risk for economic recovery. May be required.

New Delhi. Asian Development Bank (ADB) said on Wednesday that the Indian economy will grow at 11 per cent in the current financial year, but cautioned that rising cases of Kovid-19 infection in the country could pose risks to the economic recovery. ADB said in its Asian Development Scenario (ADO) 2021 released on Wednesday, “The Indian economy is expected to grow at a rate of 11 per cent during the fiscal year ending 31 March 2022 amid a wide-ranging vaccine campaign.”

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The ADB, however, said that the pace of economic recovery in the country could be at risk due to the rising outbreak of Kovid-19. The report said that India’s GDP growth could be 7 percent next year. The report further said that South Asia’s gross domestic product (GDP) could grow at a rate of 9.5 percent, compared to a drop of six percent last year.

Disclaimer:Prabhasakshi has not edited this news. This news has been published from PTI-language feed.


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