In­dia reigns supreme as fastest grow­ing econ­omy

NBM&CW - - NEWS -

Asian De­vel­op­ment Bank (ADB) re­cently re­leased its Asian De­vel­op­ment Out­look (ADO) con­clud­ing that In­dia will con­tinue to re­main the fastest grow­ing ma­jor econ­omy across the globe The coun­try will con­tinue to re­main ahead of China. with 7 3% growth rate in 2018-19 and 7 6% in 2019-20 and added that eco­nomic growth in China will de­cel­er­ate to 6 6% in 2018 and to 6.4% in 2019 and that China's growth rate was 6 9% in 2017 On the other hand, about In­dia. it said, the GOP growth will re­main in FY18 end­ing March 2019, and it will be main­tained at 7 3% and growth in FY19 is ex­pected to nse to 7 6% as mea­sures taken to strengthen the banking sys­tem

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