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Asian Development Bank (ADB) in its Outlook Supplement has retained India’s growth forecast at 7.3% for the current fiscal
(2018-19) and ____% for the following financial year (2019-20).
7.6
8.6
7.9
8
- The Asian Development Bank (ADB) provides economic forecasts for member countries, including India, assessing GDP growth and other economic indicators.
- For the fiscal year 2018-19, ADB retained India's growth forecast at 7.3%.
- The forecast for India's GDP growth for the following financial year (2019-20) was retained at 7.6%.
- Option 1: 7.6% is the correct answer as it matches the ADB’s growth prediction for India for the 2019-20 financial year.
- Option 2: 8.6% is incorrect; it exceeds ADB's cautious predicted growth reflecting moderate economic expectations.
- Option 3: 7.9% is close but still higher than the ADB's specific outlook figure.
- Option 4: 8% is also incorrect, indicating an overly optimistic viewpoint not held by ADB at the time.
Correct Answer: Option 1: 7.6%
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