{"id":117666,"date":"2022-09-23T12:00:47","date_gmt":"2022-09-23T06:30:47","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=117666"},"modified":"2022-09-23T12:00:49","modified_gmt":"2022-09-23T06:30:49","slug":"adb-cuts-gdp-growth-forecast-of-india-for-fy23-to-7","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/adb-cuts-gdp-growth-forecast-of-india-for-fy23-to-7\/","title":{"rendered":"ADB cuts GDP growth forecast of India for FY23 to 7%"},"content":{"rendered":"\n<p><strong>ADB cuts GDP growth forecast of India for FY23 to 7%: <\/strong>The\u00a0Asian Development Bank (ADB)\u00a0has reduced the\u00a0economic growth projection of India for 2022-23 to 7% from 7.2%.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-september-2022\/\" target=\"_blank\" rel=\"noreferrer noopener\">September 2022 Current Affairs Quiz<\/a><\/p>\n\n\n\n<p>Reason:&nbsp;Higher inflation and monetary tightening.<\/p>\n\n\n\n<p>The economy of India has been grew 13.5% year-on-year (Y-o-Y) in the first quarter of 2022-23, that shows strong growth in services.<\/p>\n\n\n\n<p>Report:&nbsp;Second supplement to Asian Development Outlook Report 2022.<\/p>\n\n\n\n<p>The ADO also expects that the Chinese economy to expand by 3.3% in 2022 rather than 5% forecast.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ADB cuts GDP growth forecast of India for FY23 to 7%: The\u00a0Asian Development Bank (ADB)\u00a0has reduced the\u00a0economic growth projection of [&hellip;]<\/p>\n","protected":false},"author":894,"featured_media":117668,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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