November 22, 2024 21:49 (IST)
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India's growth to slow to 4 percent in FY2020, recover to 6.2% in FY2021

India's growth to slow to 4 percent in FY2020, recover to 6.2% in FY2021

Manila/IBNS: The Asian Development Bank (ADB) projects India’s gross domestic product (GDP) will slow to 4.0% in fiscal year (FY) 2020 ending on 31 March 2021 due to a weak global environment and continued efforts to contain the novel coronavirus (COVID-19) outbreak in the country. The forecast assumes that the pandemic dissipates and full economic activity resumes from the second quarter of FY2020.