ADB Cites Risk Of GDP Growth Amid Global, Domestic Factors

The Asian Development Bank cited risk regarding the growth of India's GDP, dismissing the forecast of the Indian Government of over 7% GDP growth. Notably, the ADB report mentioned due to global and domestic factors, India can witness a drawback in GDP growth. "any worsening of geopolitical tensions is likely to exert further downward pressure on global demand and increase uncertainty, tamping down India’s growth rate," read report.