Strong rupee, lower GDP likely to tame inflation in India to 4.1% in FY20: ADB

Money Control | Jul 21, 2019 at 3:49 PM
  • Asian Development Bank (ADB) has lowered the inflation forecast for India during the current financial year to 4.1 percent, on the back of gain in rupee and cut in the country’s GDP projection.
  • The ADO supplement has lowered India’s GDP growth forecast by 0.2 percentage points from April outlook to 7 percent in 2019-20.
  • As per the ADO supplement, inflation projections for developing Asia were revised up a notch from 2.5 percent to 2.6 percent in both 2019 and 2020, reflecting higher oil prices and several domestic factors.