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ADB Forecast Growth Rate in 2016-17

News and Press Release - Dated:- 30-4-2016 - Asian Development Bank (ADB) has forecast growth rate at 7.4% in 2016-17 as against 7.6% during 2015-16. The details and reasons cited by ADB for lower growth rate during 2016-17 are as under: Public inves .....

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iven the government s commitment to fiscal consolidation and increased outgo on account of a higher public sector wage bill. Anemic growth n advances economies including the United States and Euro area, lower export commodity prices, and weaker curre .....

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ter growth, given pressures from an uptick in inflation and government s commitment towards fiscal consolidation. The slowdown would be a result of the expected decline in external demand due to anemic growth in important export destinations such as .....

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